51: #HTLS2020 | Corporates owning banks: FM Nirmala weighs in on debate
Hindustan Times Leadership Summit Highlights
English - January 25, 2021 13:08 - 2 minutes - 2.2 MBNews leadership podcasts audience daily podcasts best podcasts everyday podcasts leadership leaders bite leaders for today listens leadership bites Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Union Finance Minister Nirmala Sitharaman commented on the debate sparked by a report of an Internal Working Group of the Reserve Bank of India. The IWG's favourable view on corporates owning banks has led to a chasm between commentators on the financial sector, with some in favour and some vehemently opposed to the recommendation. At the 18th edition of the Hindustan Times Leadership Summit, Sitharaman said that this discussion was not new, and many non-banking financial companies had been given permission to start banking operations in the past.