QUICK READ
RBI has tightened its regulation of banks considerably, but unlike in the US, Indian bankers rarely express resistance in public. This doesn't mean they have little to say about stiff rules.
Today, with regulators around the world in catch-up mode as technology advances rapidly to impact banking in new ways, it would be a good idea for RBI to lend bankers a closer ear.
The world's banker, Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators. At a conference last week, Dimon had some harsh words for several major US banking regulations, which he called burdensome and inconsistent. "It's time to fight back," he said, adding that many banks are afraid to "fight with their regulators because they would just come and punish you more."
This is not the first time that Dimon has taken on regulation. In his annual letter to shareholders this year, he had called for a review of bank regulatory and supervision processes. Unlike Dimon, bankers in India seem to have much less to complain about. Or is it that they are just much less vocal?
هذه القصة مأخوذة من طبعة November 15, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 15, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Cash transfers must not lead states to fiscal ruin
A political imperative amid hard times for multitudes could turn into a race to the bottom.
Crafting Bharat: Deep-tech edition-How Morphing Machines is revolutionising computing
The semiconductor industry is at the forefront of a technological revolution, driven by the integration of artificial intelligence (AI) in design, production and testing processes.
Combatting compassion fatigue with self-care
For people in jobs that require them to be in the front lines of a crisis, vicarious trauma is normal. Surviving it requires conscious care
What's going on your action board for 2025?
Action boards help break down your bigger aspirations into achievable goals
Deepak Chopra's latest vision: Integrating AI & well-being
Indian-American author & new-age guru Deepak Chopra is optimistic about the power of AI in enabling personal growth
The education imperative: May Parliament rise to the challenge
A country can't prosper if too many children are left behind and it's for our parliamentarians to transform this grim reality
AI robots are on their way and they're likely to be Asian made
Artificial intelligence is breathing new life into robotics in Asia
Piketty's tax advice for India should provoke thought
The country all but embraced Reaganomics but it may be time to address worsening inequality
We need more sectors to become reliable dollar earners
India must tap new export opportunities, especially in service sectors like tourism and education
Too many outcome shapers are too distant from ground realities
The ivory tower is all too real. It explains a key deficiency in well-intentioned but useless analysis
