RSS body accuses RBI of favouritism, backdoor entry and snubbing due process
NEW DELHI: A week after the Reserve Bank of India (RBI) decided to palm off the 94-year-old Tamil Nadu-based Lakshmi Vilas Bank (LVB) free of cost, the issue has taken a political turn. On November 17, the RBI had proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India […]
CPI opposes banking licence to industrial/business houses
NEW DELHI: The Communist Party of India (CPI) on Tuesday opposed the recommendations of Reserve Bank of India’s (RBI) working group to issue banking licence to industrial/business houses and conversion of large finance companies into banks. “It should be recalled here that at the time of Independence of our country, all the banks in India […]