RBI is not pre-judged against anyone: say financial sector analysts

By allowing a broader set of entities in the banking sector, the Reserve Bank of India (RBI) has shown that it has a balanced as well as practical approach and that it is not pre-judged against anyone, financial sector analysts say. In its final guidelines, the RBI allowed public sector entities, existing non-banking finance companies, as well as private groups including brokerages and real estate giants to apply for a banking licence. read more

By allowing a broader set of entities in the banking sector, the Reserve Bank of India (RBI) has shown that it has a balanced as well as practical approach and that it is not pre-judged against anyone, financial sector analysts say. In its final guidelines, the RBI allowed public sector entities, existing non-banking finance companies, as well as private groups including brokerages and real estate giants to apply for a banking licence. read more

[via Stock Watch – Stock Specific News]

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