A CLEAR FAUX PAS...
...IS TAKING ITS TOLL ON INDIAN BANKS
Out
there: Vittaldas Leeladhar, Deputy Governor of Reserve Bank of India, speaking at a meeting in Basel, Switzerland pompously hailed the reforms initiated by RBI and the Finance Ministry. In a speech delivered last December, but documented in a BIS paper titled ‘Banking system in emerging economies: How much progress has been made?’ (released in August 2006), Leeladhar alludes deregulation of interest rates as one of the key features of India’s financial sector reforms. If one goes by his verdict, after the interest rate deregulation, Indian banks are now free to determine their own lending rates. Back home: Public sector banks (PSBs) are receiving the flak from the Finance Ministry, when the PSBs legally and statutorily tried to align their lending rate with the increased cost of borrowings, and that too amidst shrinking margins.
For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
Out
there: Vittaldas Leeladhar, Deputy Governor of Reserve Bank of India, speaking at a meeting in Basel, Switzerland pompously hailed the reforms initiated by RBI and the Finance Ministry. In a speech delivered last December, but documented in a BIS paper titled ‘Banking system in emerging economies: How much progress has been made?’ (released in August 2006), Leeladhar alludes deregulation of interest rates as one of the key features of India’s financial sector reforms. If one goes by his verdict, after the interest rate deregulation, Indian banks are now free to determine their own lending rates. Back home: Public sector banks (PSBs) are receiving the flak from the Finance Ministry, when the PSBs legally and statutorily tried to align their lending rate with the increased cost of borrowings, and that too amidst shrinking margins.For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006
Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-
posted by Pankaj Negi @ 2:11 AM
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