ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

SOUTH AFRICA-Level Playing Field

chant banking, mutual funds, housing finance, hire purchase, factoring services and leasing has opened the way for questionable financial dealings. It has also contributed to the new trend in the banking industry of downgrading normal banking activities to concentrate on treasury and money market operations. Despite these lessons, the RBI has now permitted banks to undertake leasing and hire-purchase activities directly, that is, without the medium of subsidiaries.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top