RBI committee recommends Interest Free Windows in existing conventional banks
Comments:
It is very welcome step in India. However, the funds originating from interest free window, should be strictly separated from Banks' interest bearing operations. Unless a strict law is passed on the subject, trust in the operation will not be forthcoming from those who are supposed to be offered this inclusive financial opening to come into India's financial mainstream.
Comments:
It is very welcome step in India. However, the funds originating from interest free window, should be strictly separated from Banks' interest bearing operations. Unless a strict law is passed on the subject, trust in the operation will not be forthcoming from those who are supposed to be offered this inclusive financial opening to come into India's financial mainstream.
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