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Funding infra and MSMEs need corporate backed banks

The Reserve Bank of India recently released a report by its internal working group that suggested the licensing policy of private banks including proposals of allowing corporates entry to banking sector, permitting promoters to hold on to larger stakes in banking companies, and granting approval to allow well established and experienced NBFCs to convert into banks.

The country today needs large banking units to fund infrastructure and MSMEs to create future revenue generating assets like roads, ports and airports, support manufacturing and create a good network of ancillary units for the world and create employment opportunities.


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