Mega bank mergers and the future of reforms8 min read . Updated: 24 Sep 2018, 12:35 PM IST
For a while it seemed the Modi government had a reforms plan for the banking system. But now it is left with mere optics
Bengaluru: When the Modi government took charge in 2014, it was set to prove its admirers right, and the sceptics wrong, on banking reforms. The then Governor of the Reserve Bank of India (RBI), Raghuram Rajan, was halfway through his tenure and had independently started the clean up of the banking system by taking action wherever the remit of the RBI worked.
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