Saturday, October 09, 2010

Private Banks Should Be Banned In India
There are reports that the RBI is considering the industrial houses in India to set up banks.This is discriminatory against ordinary Indian Citizens,as the use of the so called,Fractional Reserve Banking is discriminatory,offering a decisive advantage for the Banks and their shareholders.For the same reason,Banks in India should not be allowed to get themselves,listed,in the Stock Exchanges.The RBI,the Government Of  India and the SEBI,should be against setting up of Private Banks in India,as it is detrimental to the Nation.
Private Banks Should Be Banned In India

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