Be it the cricket World Cup or Lok Sabha elections, people make guesses on who the winner would be. Similar speculation has begun regarding the banking licence allotment, too. N. K. Thingalaya, former Chairman of Syndicate Bank, says the eligibility to get a licence need not be related to the sector from which the licences are sought. It should be based on the track record of the applicants and their performance in discharging their corporate social responsibility.
It would be best to avoid microfinance companies and industrial houses, Thingalaya goes on to add. In fact, the Executive Director of RBI, R. Gandhi, had stated recently that financial inclusion has to be a precondition for new banks to come in. “It (the number of banks) depends upon the proposal and business plans, including their proposed efforts on financial inclusion. We cannot predict how many applicants will meet these requirements,” he had stated.
Read more >> Click here
No comments :
Post a Comment