Outgrowing The Business

It can only happen in India, says S S Tarapore, who retired on September 30, as deputy governor of the Reserve Bank of India. It is only here that we define things negatively. You thus have non-vegetarians, non-violence, non-Brahmins or non-Parsis, never mind that both communities are infinitesimally small when compared to the rest of India. So why are you surprised if the RBI has created non-banks?

Toucho, theres no answer to that. Indeed, non-banks (or to give them their proper name, non-banking financial companies