Banking Disputes Lawyer On Reforms In Banking Sector

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Banking Dispute lawyer - Kislay Pandey has been garnish the Panel of Legal Services for different Public Sector and Private Sector Banks including Schedule Commercial Banks and other Monetary Institutions.

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O N R E F O R M S I N B A N K I N G S E C T O R Banking Disputes Lawyer

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Banking Disputes Lawyer  With the objective of improving Indias banking sector and gaining the trust of corporate and individual borrowers the Reserve Bank of IndiaRBI should be prepared to bring fresh banking reforms for enabling the entry of new banks especially the foreign banks. "The past UPA government and the RBI have been making issue-based observations on banking sector reforms. There seems to be a lack of seriousness on structural reforms except of providing some new banking licenses to private sector institutional firms and some slight modifications in the regulatory environment for NBFCs. These initiatives were merely beneficial to certain stakeholders and the interest of entire banking sector was missing in those structural reforms."- Kislay Pandey Banking Dispute Lawyer the Supreme Court of India.

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 Raghuram Rajan the RBI governor observed about UPA governments liquidity problems for granting expansion of the public sector banks. He said "If the financial sector has to rise to the expectations in regard to credit delivery especially to agriculture and service sectors the banking infrastructure will need structural reforms skill development and a change in outlook on HRD-related issues." "Public sector banks have already contributed a lot in lending to agriculture and small borrowers and their present resources and assets do not allow them to overlook their limitations. The present scenario is so tough nothing can be expected from the proposed additional private sector banks on urgent basis these banks cannot immediately support the primitive sectors due to their cycle of operations and long legal procedures."- Kislay Pandey Banking Dispute Lawyer the Supreme Court of India.

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Banking Disputes Lawyer  After the formation of new government at Centre which is in full majority and thats why seems more stable both RBI and Corporate are sanguine to witness sound structural and policy reforms in banking financial sector. Any further delay may lead to long-term crisis and adverse impact on India ’ s economic development. For the Narendra Modi led NDA government this reform must be on the top of their priority list as they are in the commanding position to lead the Indian economy on a progressive path any further delays at this juncture of time will not be due to their limitations but rather it will be due to the lack of will and sheer negligence. In fact it is the right time for Arun Jaitely the Finance Minister of India to unroll a comprehensive pack of banking reform and woo the foreign players to unleash their projects.

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