Business Tit-Bits: Adani Bank, Ambani Bank

Raghuram Rajan, the renowned economist and former governor of Reserve Bank of India, and Viral Acharya, a former deputy governor of RBI, have said criticized the RBI Internal Working Group’s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. The economists said the proposal is a “bad idea”. In a note published on Monday on LinkedIn, they said: “It will further exacerbate the concentration of economic (and political) power in certain business houses.” In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take. #RBI #MukeshAmbani #GautamAdani SUBSCRIBE to HW News English Here ► http://bit.ly/Subscribe-HWNews-English Download the HW News Network free app available on Android and iOS: http://onelink.to/bpk42n For NEWS and POLITICAL updates in English. Send us a ‘Hi’ on our Whatsapp Number - 9820918578 #HWNewsEnglish #HwLatestNews For advertising related queries write to us at [email protected] Connect With Us On: → Facebook:   / hwnewsenglish   → Twitter:   / hwnewsenglish   For More Videos Visit Here: https://hwnews.in/