I touched upon the genesis for the new bank licensing guidelines and specifically covered some of the debatable features of the guidelines such as allowing industrial/business houses to set up banks, minimum capital requirement, foreign shareholding in these banks, corporate governance and exposure norms, thrust on financial inclusion, fairness and transparency of the licensing process, etc.
I also shared my personal thoughts on its implications for the promoters of banks and banking industry, economy as a whole, and for common man and RBI. The way forward for Indian banking structure as put out by RBI in its Discussion Paper needs to be debated.