Banking licence: Biggies set to gain, small players will lose

Banking licence: Biggies set to gain, small players will lose

The new banking licence will allow large industrial houses like the Tatas and Reliance to gain because it can mitigate the risk of venturing into non-banking areas. However, it will be a death trap for smaller players as they move into areas where money can’t be made.

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Banking licence: Biggies set to gain, small players will lose

The new banking licence will allow large industrial houses like the Tatas and Reliance to gain because it can mitigate the risk of venturing into non-banking areas. However, it will be a death trap for smaller players as they move into areas where money can’t be made. Jaggi380

R Jagannathan is the Editor-in-Chief of Firstpost. see more

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