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

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Needed - A National Banking Policy

The UPA government, which proclaims to be the champion of the poor with a focus on rural areas, should pause and ponder before pushing the bill for 74 per cent foreign equity in private sector banks, as this will certainly lead to a flocking of banking services to the urban and metropolitan centres. Evolving a National Banking Policy should get precedence over liberal permission to FDI in banking.

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