RBI has wisely decided to put Lakshmi Vilas Bank out of its misery. Better still, it’s called upon a foreign institution to take over assets & liabilities.
Until now, units operating even in recognised industrial areas needed a separate factory licence. The move is expected to especially give a boost to small and medium enterprises.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
One may criticize and curse government owned banks, but out of the three banks that have failed, two belong to private sector and the third one to the cooperative banking sector.
One may criticize and curse government owned banks, but out of the three banks that have failed, two belong to private sector and the third one to the cooperative banking sector.