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"Dangerous": P Chidambaram Joins Raghuram Rajan On Warning Over Bank Plan

  • Wednesday | 25th November, 2020

New Delhi: Former finance minister P Chidambaram has issued a blistering criticism of the Reserve Bank`s proposal to allow corporates to enter the banking sector and set up banks, calling it a "dangerous agenda" that is "part of a deeper game plan to control the banking industry", making the RBI the "cat`s paw". If this proposal is implemented, he said it would place a chunk of the nation`s vast economic resources in the hands of the corporate sector.

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Automobile

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Technology

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