The unraveling of Reliance Capital shows why RBI hates big business in banking

The unraveling of Reliance Capital Ltd. shows why the Reserve Bank of India remains reluctant to allow big business groups into mom-and-pop banking, despite facing huge pressure to allow a wave of corporate capital into the industry and reignite credit growth. The financiers’ potential to do harm is lethal even without access to insured deposits.

from Banking/Finance-Industry-Economic Times https://ift.tt/3lkCxu6