Foreign Banks: RBI Gets the Balance Right

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H T Parekh Finance Column

T T Ram Mohan

Vol. 46, Issue No. 15, 09 Apr, 2011

Foreign Banks: RBI Gets the Balance Right

Vol. 46, Issue No. 15, 09 Apr, 2011

H T Parekh Finance Column

T T Ram Mohan

The experience of the sub-prime crisis has underlined the virtues of caution in banking sector liberalisation. It has brought home the necessity of balancing efficiency and stability in banking. India's policy so far towards foreign banks has stood the country in good stead. In a review, a Reserve Bank of India discussion paper gets the balance right in future policy in every way.

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