NEW DELHI: The Reserve Bank of India (RBI) proposal to allow large corporate houses creating banks is a “bomb”, former RBI governor Raghuram rajan and former lieutenant governor Viral Acharya wrote in a joint article Monday. Emphasizing the need to adhere to tried and true limits on business involvement in …
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Raghuram Rajan and Viral Acharya on Monday criticized the RBI Internal Working Group’s recommendation to allow Indian corporate companies to establish banks as part of proposed changes to the banking sector. Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a …
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Former Reserve Bank of India (RBI) Governor Raghuram Rajan and Lieutenant Governor Viral Acharya on Monday criticized the recommendation of the central bank’s internal working group (IWG) to allow industrial houses to float banks. “Why now? Have we learned anything that would allow us to override all previous precautions about …
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Former Reserve Bank of India Governor Raghuram Rajan and former Lieutenant Governor Viral Acharya called for the closure of the financial services department, the privatization of state banks, and the creation of a bad bank as part of reforms to the banking industry of India. The current status quo is …
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MUMBAI: Former Central Bankers Raghuram rajan and Viral Acharya have written a document in banking sector reforms where they have called for the ‘reprivatization’ of some public sector banks and the dismantling of the department of financial services. Calling for a reduction of the government stake below 50%, the document …
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