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Rahul Gandhi criticise RBI proposal to overhaul banking industry

Congress leader Rahul Gandhi on Tuesday asked people to understand the “chronology” of the measures proposed to reshape the domestic banking industry in another swipe at the Centre. The former Congress president’s tweet comes in the backdrop of an internal Reserve Bank of India (RBI) panel’s proposal to allow large corporates to act as promoters of banks after necessary amendments to the Banking Regulations Act,1949 “to deal with connected lending and exposures between the banks and other financial and non-financial group entities”. The RBI panel has also recommended raising the cap on promoter's stake in private sector banks to 26 per cent. 

 

 


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