Business Tit-Bits Shows

Business Tit-Bits: Adani Bank, Ambani Bank

Raghuram Rajan, the renowned economist and former governor of Reserve Bank of India, and Viral Acharya, a former deputy governor of RBI, have said criticized the RBI Internal Working Group’s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. The economists said the proposal is a “bad idea”. In a note published on Monday on LinkedIn, they said: “It will further exacerbate the concentration of economic (and political) power in certain business houses.” In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take.

#RBI #MukeshAmbani #GautamAdani

Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.

Related posts