Chances are that Corporates linked applicants like Reliance Capital L&T Finance, Birla Finance,and Bajaj capital may not be given license as they may repeat the performance as obtained during the pre nationalisation period of 1969.IDFC, IFCI, LIC Housing Finance, Power Finance Corporation, Rural Electrification and India Post stand a very good chance from the angle of spreading banking extensively in the country as Financial Inclusion is the need of the hour to support and justify inclusive growth.Bandhan Financial Services Pvt Ltd may get a license to strenghten the north easten Region which is also becoming politically a sensitive area. Prudence demands that applicants having industrail interest should be debarred even from applying for a bank license. It is neiither good for the bankng industry nor for the economy.
Dr.T.V.Gopalakrishnan
(This comment in Money life is in response to the article New bank licence: Who will be in RBI’s interim list? dated 28/2/14)
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