The train has left the station. That’s how a senior banker describes the report of the Reserve Bank of India’s (RBI) internal working group on ownership norms and corporate structure of private sector banks. The group has recommended, among a few other things, the entry of large corporate houses into the banking turf, with a couple of caveats. This banker expects a few large corporations from western India in the business of banking soon.
Why is he saying so? Is he privy to something the rest of us are not? With a straight face, he says when a majority of
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