Bank Licences and NBFCs

It seems Mr Chakrabarty  wants to favour some NBFCs though they are part of the Corporates. He was seen associated with L&T Finance in some of their functions knowing fully well that L&T Finance is one of the applicants for License. He could have very well avoided getting associated with the prospective applicants. The FM has already indicated that Seven would get Bank License.It seems RBI's appointment of a Committee to decide the eligibility is a mockery. It all looks predetermined as to who should be given the licence.

 

 

Dr.T.V.Gopalakrishnan 

 

This is in response to Dr Chakrabarty's comment NBFCS have advantages in Bank license that appeared in Business standard dated 9/10/13))