“Apparently the RBI’s internal working group has succumbed to corporate pressure to call for the entry of industrial houses into banking, where matters of connected lending are always of paramount concern,” says Hemindra Hazari, an independent banking expert
Hemindra Hazari’s view of Aditya Puri was highly nuanced: he acknowledged Puri as an exceptionally successful banker, but was consistently sceptical of the “Puri...