Governor Shaktikanta Das on Friday said the Reserve Bank does not have any plan to allow business houses to promote banks at present.
Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions, Das said, speaking at an event organized by the Financial Express here.
"At this point, there is no thinking in that direction," Das said, replying to a specific query on whether there is any consideration to allow business houses.
The RBI had disqualified... Читать дальше...