Make sure private banks stay in Indian hands: RSS affiliate to new RBI governor

Days after new RBI governor Shaktikanta Das assumed charge, an RSS-affiliated outfit Thursday said he should "rethink" about the regulatory framework for private bank ownership in the country, so that it remains in Indian hands.

The Swadeshi Jagran Manch (SJM) Thursday organised a discussion on 'Future of Banks in India', which was moderated by its co-convener Ashwani Mahajan.

After the discussion a paper was released, in which the SJM said, "There is a need for the new RBI Governor to rethink the regulatory framework for private bank ownership. None of us want India home grown banks be allowed in the hands of foreign players."