"Dangerous Agenda": P Chidambaram's Warning On Corporates In Banking | Read

Former finance minister P Chidambaram has issued a blistering criticism of the Reserve Bank's proposal to allow corporates to enter the banking sector and set up banks, calling it a "dangerous agenda" that is "part of a deeper game plan to control the banking industry", making the RBI the "cat's paw". If this proposal is implemented, he said it would place a chunk of the nation's vast economic resources in the hands of the corporate sector.