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Ownership Structure Has Not Been Determinant Of Governance: Rashesh Shah
If you don’t allow corporate houses then where will the capital come from, asks Edelweiss Group Chairman Rashesh Shah.
24 Nov 2020, 03:39 PM IST
Former RBI Governor Raghuram Rajan has criticised the proposal. So has S&P. But Edelweiss’ Rashesh Shah is in agreement with the recommendation of the Reserve Bank of India’s Internal Working Group that corporate houses be allowed an entry into banking.To grow from a $3 trillion to $5 trillion economy, India needs bigger banks and more banks. Banks need capital and large business groups can provide that, is Shah’s argument. “India ne...
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