 "Sachin Chaturvedi")
The Internal Working Group (IWG) of the RBI has recommended a graded approach to reducing promoter stake in banks as a one-size-fits-all approach does not help, says Sachin Chaturvedi, a member of the committee. In an interview with Subhomoy Bhattacharjee, Chaturvedi, who is also a member of the central board of governors of the RBI, talks about the reasoning behind the guidelines. Edited excerpts:
Why did the committee recommend changes in ownership structure in private sector banks? What were you trying to address?
The report has come at a time when on the one hand confidence in the regulatory architecture has been
