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...
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