Working Paper Series: on the real effects of private equity investment
Working Paper Series: on the real effects of private equity investment
The RBI formulates implements and monitors the monetary policy. It is responsible for regulating non-banking financial services companies, which operate like banks but are otherwise not permitted to carry on the business of banking. The banking sector in India is broadly represented by public sector banks (where the government owns a majority shareholding and includes the State Bank of India and its subsidiaries); private sector banks; foreign banks operating in India through their branches/whol