Launching a new class of banks won’t help
Tackle long-term finance issues before going for ‘wholesale and long-term finance’ banks
Long-term finance, especially for public infrastructure, has been crying for attention for a long time and the RBI’s discussion paper on the scope for setting up wholesale and long-term finance banks has come not a day too soon.But the RBI seems to view the problem of long-term finance as structural, given its keenness to extend the differentiated bank model to address the gap.This would be ironic...
Read the rest of this article by Signing up for Portfolio.
It's completely free!
SIGN UP NOW
Investment alerts,End of day market reports, Market news analysis,External research reports and Technical calls
Daily update on Business and Market news via email
'Your Market Corner' Widget with personalized business and market news