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Rajan committee News
Is the stability council a good idea? The Financial Stability and Development Council is likely to undermine RBI’s powers while its creation will not automatically ensure better supervision of the financial sector. Indira Rajaraman Honorary Visiting Professor, Indian Statistical Institute, Delhi Another layer on top of the existing regulators will reduce the speed of response as well as accountability. In any case, the current
RBI mulls allowing banks to decide on branches
The Reserve Bank of India (RBI) may de-license or leave it to banks to open branches in rural and semi-urban centres, in a step towards liberalising its branch authorisation policy. If that happens,
RBI starts review of new bank licensing norms
The Reserve Bank of India (RBI ) has started a review of the new bank licensing norms. |
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