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.
Banking licence: Biggies set to gain, small players will lose
Banking licence: Biggies set to gain, small players will lose
R Jagannathan
• July 2, 2013, 13:53:18 IST
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.
Advertisement
)
Written by R Jagannathan
R Jagannathan is the Editor-in-Chief of Firstpost. see more
Find us on YouTube





