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

IIPM MANAGEMENT INSTITUTE

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).

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Source : IIPM Editorial, 2007

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