-Economic and Political Weekly
It is debatable if the report of the Reserve Bank of India’s committee on comprehensive fi nancial services – the Nachiket Mor Committee – offers practical solutions for extending banking services to the poorer sections of society and small businesses. The committee’s recommendations are largely conceptual, and some of them could even have serious negative consequences. It is to be hoped that the RBI will examine all the recommendations in depth before implementing them.
R Viswanathan (guruviswa@gmail.com) is a former deputy managing director of the State Bank of India.
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