Euphoria over Indian foreign bank rules is premature – opinion
Private sector bank stocks shot up across India in anticipation of a wave of takeovers, following new RBI guidelines on foreign bank licences, but international houses are likely to expand slowly, if at all.
The excitement ahead of the Reserve Bank of India (RBI)’s new rules on foreign bank licences was understandable. For almost 20 years, the share of assets in the Indian banking system held by foreign players has remained almost stagnant – at less than 7%.
But following an announcement
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.