View: RBI's proposal to allow business houses into banking is fraught with risk for system

The proposal raises an important question: Why now? Have we learnt something that allows us to override all the prior cautions on allowing industrial houses into banking? We would argue no. Indeed, to the contrary, it’s even more important today to stick to the tried and tested limits on corporate involvement in banking.

from Economy-News-Economic Times https://ift.tt/3l0Yye7
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