(a) whether the Government propose to allow industrial houses to float banks;
(b) if so, the details thereof; and
(c) the steps proposed to be taken to safeguard the depositors of banks floated by
industrial sector?
(a) whether the Government propose to allow industrial houses to float banks;
(b) if so, the details thereof; and
(c) the steps proposed to be taken to safeguard the depositors of banks floated by
industrial sector?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE AND COMPANY AFFAIRS
(SHRI ANANDRAO VITHOBA ADSUL):
(a) No, Sir. As per existing guidelines of Reserve Bank of India on entry of new banks in
private sector, large industrial houses are not permitted to set up banks.
(b) and (c) Do not arise.