'RBI is focusing on new and relevant areas'

COMMENT: Sanjiv Bajaj, MD and CEO, Bajaj Finserv

The discussion paper clearly shows that RBI is focusing on such new areas as whether big business houses should be allowed to float a bank, the kind of capital prescribed, penetration of banking and foreign shareholding. These are all relevant issues. We have in-principal shown our interest, but this is just a discussion paper, and not the final guideline. I hope the guidelines will be conducive. On minimum capital requirement and promoter shareholding, some of these numbers have been doing the rounds, given the past experience of the central bank and the global financial situation. RBI has ...