Narrow banking not the answer: RBI’s Subbarao

subbarao-reservebankofindia

Narrow banking is a backwards proposal, said Duvvuri Subbarao, the governor of the Reserve Bank of India, in an assertive speech on Wednesday.

"There have of course been problems in the way banking evolved around the world - problems that were at the heart of the crisis. But the answer is not to adopt Luddite solutions that take us back decades," he said.

In a controversial speech in October, Mervyn King, the governor of the Bank of England, called for banks to be broken up according to their re

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: