Business Standard

Letters: Banking on competition

Related News

This refers to K V Rao’s letter to the editor “New Banks” (December 25). The Banking Laws (Amendment) Bill will surely provide opportunities to set up new private banks in the country. In the earlier phase, when new private banks came on the scene, it was felt that the public sector bank business would dry up, and the new private banks would take over. That did not happen. In fact, the competition energised public sector banks to get their act together and advance in terms of technology and staff upgradation, designing and delivery of new products and services. It is in this context that the entry of more new banks – as a consequence of the latest amendments in the banking laws – will add to the competition and improve overall banking in the country. Public sector banks are here to stay and progress.

Faridabad

Letters can be mailed, faxed or e-mailed to:
The Editor,
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number

Read more on:   
|
|

Read More

Letters: Adieu, Ratan Tata

This refers to the editorial “An illustrious career” ( December 28). The house of Tatas is different from any other conglomerate in India, and both J ...


Quick Links

Have Your Say




What are your views on the sacking of two AAP members on charges of graft?

What are your views on the sacking of two AAP members on charges of graft?

Financial X-Ray Rss icon

New headaches for miners after Goa mining ban lifted
Malini Bhupta

The verdict on deemed licences has the Street question whether Sesa Sterlite owns any mines in Goa

Bull case for SBI, as open interest builds
Malini Bhupta

Robust Tier-I capital at 10% and robust earnings outlook for FY16 drive momentum

Back to Top