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Corporate Ownership Of Banks: Ask How, Not If
While concerns on industrial houses may be valid, a blanket ban on bank ownership is not the solution, writes Deep Mukherjee.
03 Dec 2020, 04:15 PM IST
The Reserve Bank of India Internal Working Group’s report and recommendation on ownership guidelines is rich in content and perspective. The suggestions, on rationalising holding structures of banks as well as providing level playing fields for banks which came into being under an evolving licensing regime, have been lauded by one and all. However, the suggestion pertaining to allowing ownership of banks to industrial houses has crea...
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