The unraveling of Reliance Capital Ltd. shows why the Reserve Bank of India remains reluctant to allow big business groups into mom-and-pop banking, despite facing huge pressure to allow a wave of corporate capital into the industry and reignite credit growth. The financiers’ potential to do harm is lethal even without access to insured deposits.
from Banking/Finance-Industry-Economic Times https://ift.tt/3lkCxu6
via IFTTT
No comments:
Post a Comment