India will have heterogeneous banking sector in a decade with four types of banks: Shaktikanta Das

The comments come days after the RBI appointed a panel headed by former deputy governor Shyamala Gopinath on bank licences to evaluate applications for universal banks and small finance banks. An internal panel had recently recommended allowing deep-pocketed corporates into the banking fray, something the RBI had been averse to for long.

from Banking/Finance-Industry-Economic Times https://ift.tt/2P4WeZQ