Financial Daily from THE HINDU group of publications
Wednesday, Oct 20, 2004
Financial Daily from THE HINDU group of publications Wednesday, Oct 20, 2004 |
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Opinion
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Letters Capital requirement for banks
This refers to `Entry norms for pvt banks may be relaxed' (Business Line, October 18). The fact that a few private banks have not yet been able to raise their capital, even to Rs 200 crore, coupled with the target set by the Common Minimum Programme of the UPA to expand fruitful competition in the financial sector, has triggered the idea of scaling down the capital requirement of the new entrants into the banking sector. But this should not be made applicable to the existing banks. While offering better chances for establishment of more new banks under private enterprise, the RBI should care for strict enforcement of other norms to rule out any dilution of regulatory features. The new banks with less capital should be strictly advised to listen to the common man's needs. The main thrust in all these reforms should be service to the common man and not mere profits. C. P. Velayudhan Nair Kochi
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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