'RBI must give bank licences to corporates with proven record'

The Reserve Bank must issue new bank licenses to corporate houses with proven track records in order to achieve financial inclusion as public sector banksalone will not be able to spread banking services to the entire country, PHD Chamber of Commmerce said today.  "Private banks' entry has only made banking sector more competitive ever since their operations came into being," PHD Chamber President Suman Jyoti Khaitan said. Private banks have made state-owned banks more aggressive in product innovation and customer retention by offering better service quality, thereby making a strong case for interested corporate houses with established credentials to be issued new bank licences, he added. 

Read more >> Click here