DON'T ALLOW CORPORATES TO START BANKS.
The Parliamentary Standing Committee .on Finance has recommended that
Corporate Houses should not be given Bank Licenses by Reserve Bank Of India .
Further, as on 30.03 2013,only 17% of the total branches of Private sector banks
was in rural areas.Hence,it is a big question whether the private sector banks will
achieve the national objectives of financial inclusion,priority sector lending
etc. In this scenario, it will not be prudent for RBI to consider issuing bank
licenses to Corporate Houses.
We have already written about this on 19th january,2013,which we are
reiterating.
The Parliamentary Standing Committee .on Finance has recommended that
Corporate Houses should not be given Bank Licenses by Reserve Bank Of India .
Further, as on 30.03 2013,only 17% of the total branches of Private sector banks
was in rural areas.Hence,it is a big question whether the private sector banks will
achieve the national objectives of financial inclusion,priority sector lending
etc. In this scenario, it will not be prudent for RBI to consider issuing bank
licenses to Corporate Houses.
We have already written about this on 19th january,2013,which we are
reiterating.
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