Rajan and Acharya have argued that allowing corporate houses entry into the banking system could intensify the concentration of political and economic power in the hands of a few business houses.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/allowing-corporate-houses-to-own-banks-could-be-disastrous-raghuram-rajan-viral-acharya/articleshow/79364108.cms
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