RBI’s masterplan for banks gets lost amid Modi mania
An ambitious draft proposal by the Reserve Bank of India (RBI) this month is set to bring about an overhaul of the country’s bank resolution regime. But with attention towards India focused on the euphoria created by the recent election victory of Narendra Modi, the proposal had slipped under much of the market’s radar. Opinions are divided about the impact on future bond issuance of these potentially sweeping changes, writes Isabella Zhong.
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