New banking bill faces key challenges

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jvaishnav47 wrote:

Ministry of Finance is well aware about the performance & result of Public sector Banks,economy slow down, global weakness etc have hammered progress of state run BANKS.
Hence to make state run Banks more powerful, potential, there is proposal of merger of State run Banks, there shall be maximum 3-4 state run Banks in India as proposed, so such Banks can cater to the needs of economy as well as spread its wings in international market. Merger of state run Banks shall significantly reduce operation cost & establishment cost , + shall have wide coverage for exposure.

Reserve Bank has proved professionalism hence even in slow down Banking industry is running smoothly, so even while granting new licenses , Reserve Bank is capable to assess viability, & future projections & shall monitor appropriately functioning of new Banks

Dec 20, 2012 8:40am IST  --  Report as abuse
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