Monday, May 14, 2007

And what’s our banking got to do with him?


Oh well, he’s the Deputy Governor, RBI. That takes care of the first question. And as far as the second question goes, he better have a lot to do with our banking system, for as things seem to be proceeding, it’s quite amusing how the term ‘sweeping banking reforms’ has been conveniently expanded by the government to now also include ‘under the carpet’! It’s pathetic that the government has not only kept a stranglehold over the growth of new private sector banks, but also has persisted quite ludicrously in holding extremely high equity stakes in key public sector banks (the government holds around 70% of banking assets).

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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