Tag: corporate entry in banking

Will increase Adani Ambanis’ monopolistic power as they with a small equity investment, control very large amounts of the depositors’ 1.40 lalkh crore money By Abdul Bari Masoud New Delhi:  The Main Opposition Congress on Tuesday announced that it will stoutly oppose the proposal of the BJP government to allow corporates and business houses to enter the banking sector and establish banks.  Welcoming the statement of Dr Raghuram Rajan and Dr Viral Acharya, the party said it would chalk out a common strategy to mobilize the public opinion on this dangerous...