The RBI wants equity to be equity, with no guarantee of a payback. But foreign PE firms insist on fixed returns on investments
The RBI raises several issues ahead of the third round of licensing for new private banks. But there are no clear answers yet.
The fiscal year 2008-09 is at its end, and everyone is cheering its demise. Although we won’t know yet, the news (conveniently after the election results are out!) will not be good.