Private banking licensing: very few will qualify
Abstract
The Reserve Bank of India’s
discussion paper on entry of new
banks in the private sector lists
a number of issues in the next
round of licensing of such banks.
If the new private banks are to
focus on inclusion, then a number
of possible candidates – including
industrial houses – would possibly
be ruled out. Deep pockets, sound
governance and an appetite for
financial inclusion are not terribly
common and these requirements
cannot be relaxed merely in order
to have more players.
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