Many technical rationalisations proposed by RBI's Internal Working Group are worth adopting, while its main recommendation, to allow Indian corp houses into banking, is best left on the shelf, former @RBI Governor Raghuram Rajan argues
Fmr RBI Governor Raghumaram Rajan, Fmr Deputy Governor Viral Acharya write joint blog pointing to dangers of bank licences to corporates.

'The ove will increase importance of money power yet more in our politics. It will make us more likely to succumb to authoritarian cronyism'
Fmr RBI Governor Raghumaram Rajan, Fmr Deputy Governor Viral Acharya timing of IWG when India is still trying to learn the lessons from failures like IL&FS & Yes Bank.
Fmr RBI Governor Raghuram Rajan, Fmr Deputy Governor Viral Acharya question the urgency to change regulation, especially given that committees rarely set up out of the blue.

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More from @CNBCTV18Live

23 Nov
#CNBCTV18Market | CLSA believes #RBI Working Group's recommendations are pragmatic and non-disruptive. It feels that overall, the recommendations made by the panel are positive for smaller banks & SFBs
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22 Nov
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20 Nov
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Not sure about how many corporates which are not NBFCs will immediately be able to apply for bank licenses Image
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20 Nov
#MarketAtClose | Sharp recovery in financials help market close in the green; Nifty Bank gains 655 points & Nifty 129 points from lows Image
#MarketAtClose | Nifty closes 87 points higher at 12,859 & Sensex 428 pts higher at 43,882
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20 Nov
.@RBI releases panel report on ownership, governance norms of private banks Image
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#MarketAtClose | Axis Bank falls 2% after reporting higher slippages in Q2
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