Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&amp;#39;s proposal at a time when &amp;#39;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;#39;&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&amp;#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &amp;quot;bad idea&amp;quot;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&amp;quot; they said about the IWG proposal in a note published on Monday on LinkedIn.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;They questioned the timing of the propoal at at time when &amp;quot;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;quot;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;Many technical rationalisations proposed by RBI&amp;#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&amp;quot; argued Rajan .&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&amp;quot; they said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Referring to the group&amp;#39;s proposal to allow Indian corporate houses into banking, the article said, &amp;quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&amp;quot;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;
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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&amp;#39;s proposal at a time when &amp;#39;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;#39;

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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;

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                <strong>Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath</strong></h1>
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                <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;</em></p><p style="text-align:justify"><em>New Delhi: </em>Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.</p><p style="text-align:justify">Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &quot;bad idea&quot;.</p><p style="text-align:justify">&quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&quot; they said about the IWG proposal in a note published on Monday on LinkedIn.</p><p style="text-align:justify">Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.</p><p style="text-align:justify">They questioned the timing of the propoal at at time when &quot;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&quot;.</p><p style="text-align:justify">&quot;Many technical rationalisations proposed by RBI&#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&quot; argued Rajan .</p><p style="text-align:justify">&quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&quot; they said.</p><p style="text-align:justify">Referring to the group&#39;s proposal to allow Indian corporate houses into banking, the article said, &quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&quot;.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html" title="https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html">click here</a> to read more.</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;Many technical rationalisations proposed by RBI&amp;#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&amp;quot; argued Rajan .&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&amp;quot; they said.&lt;/p&gt;

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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&amp;#39;s proposal at a time when &amp;#39;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;#39;

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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;

New Delhi: Raghuram..."/>
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                <strong>Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath</strong></h1>
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                <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;</em></p><p style="text-align:justify"><em>New Delhi: </em>Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.</p><p style="text-align:justify">Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &quot;bad idea&quot;.</p><p style="text-align:justify">&quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&quot; they said about the IWG proposal in a note published on Monday on LinkedIn.</p><p style="text-align:justify">Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.</p><p style="text-align:justify">They questioned the timing of the propoal at at time when &quot;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&quot;.</p><p style="text-align:justify">&quot;Many technical rationalisations proposed by RBI&#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&quot; argued Rajan .</p><p style="text-align:justify">&quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&quot; they said.</p><p style="text-align:justify">Referring to the group&#39;s proposal to allow Indian corporate houses into banking, the article said, &quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&quot;.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html" title="https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html">click here</a> to read more.</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&amp;#39;s proposal at a time when &amp;#39;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;#39;&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&amp;#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &amp;quot;bad idea&amp;quot;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&amp;quot; they said about the IWG proposal in a note published on Monday on LinkedIn.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;They questioned the timing of the propoal at at time when &amp;quot;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;quot;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;Many technical rationalisations proposed by RBI&amp;#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&amp;quot; argued Rajan .&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&amp;quot; they said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Referring to the group&amp;#39;s proposal to allow Indian corporate houses into banking, the article said, &amp;quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&amp;quot;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;
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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&amp;#39;s proposal at a time when &amp;#39;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;#39;

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	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Livemint.com&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&amp;#39;s proposal at a time when &amp;#39;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;#39;&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&amp;#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &amp;quot;bad idea&amp;quot;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&amp;quot; they said about the IWG proposal in a note published on Monday on LinkedIn.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;They questioned the timing of the propoal at at time when &amp;quot;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;quot;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;Many technical rationalisations proposed by RBI&amp;#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&amp;quot; argued Rajan .&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&amp;quot; they said.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Referring to the group&amp;#39;s proposal to allow Indian corporate houses into banking, the article said, &amp;quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&amp;quot;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html&quot; title=&quot;https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&#039;,
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&amp;#39;s proposal at a time when &amp;#39;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;#39;&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&amp;#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &amp;quot;bad idea&amp;quot;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&amp;quot; they said about the IWG proposal in a note published on Monday on LinkedIn.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;They questioned the timing of the propoal at at time when &amp;quot;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;quot;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;Many technical rationalisations proposed by RBI&amp;#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&amp;quot; argued Rajan .&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&amp;quot; they said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Referring to the group&amp;#39;s proposal to allow Indian corporate houses into banking, the article said, &amp;quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&amp;quot;.&lt;/p&gt;

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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&amp;#39;s proposal at a time when &amp;#39;India is still trying to learn the lessons from failures like IL&amp;amp;FS &amp;amp; Yes Bank&amp;#39;

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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;

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                <strong>Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath</strong></h1>
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                <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;</em></p><p style="text-align:justify"><em>New Delhi: </em>Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.</p><p style="text-align:justify">Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &quot;bad idea&quot;.</p><p style="text-align:justify">&quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&quot; they said about the IWG proposal in a note published on Monday on LinkedIn.</p><p style="text-align:justify">Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.</p><p style="text-align:justify">They questioned the timing of the propoal at at time when &quot;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&quot;.</p><p style="text-align:justify">&quot;Many technical rationalisations proposed by RBI&#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&quot; argued Rajan .</p><p style="text-align:justify">&quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&quot; they said.</p><p style="text-align:justify">Referring to the group&#39;s proposal to allow Indian corporate houses into banking, the article said, &quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&quot;.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html" title="https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html">click here</a> to read more.</p>               </font>
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		'description' => '<p style="text-align:justify">-Livemint.com</p>

<p style="text-align:justify"><em>The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;</em></p>

<p style="text-align:justify"><em>New Delhi: </em>Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.</p>

<p style="text-align:justify">Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &quot;bad idea&quot;.</p>

<p style="text-align:justify">&quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&quot; they said about the IWG proposal in a note published on Monday on LinkedIn.</p>

<p style="text-align:justify">Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.</p>

<p style="text-align:justify">They questioned the timing of the propoal at at time when &quot;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&quot;.</p>

<p style="text-align:justify">&quot;Many technical rationalisations proposed by RBI&#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&quot; argued Rajan .</p>

<p style="text-align:justify">&quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&quot; they said.</p>

<p style="text-align:justify">Referring to the group&#39;s proposal to allow Indian corporate houses into banking, the article said, &quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&quot;.</p>

<p style="text-align:justify">Please <a href="https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html">click here</a> to read more.</p>
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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;

New Delhi: Raghuram...',
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<p style="text-align:justify"><em>The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;</em></p>

<p style="text-align:justify"><em>New Delhi: </em>Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group&#39;s recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector.</p>

<p style="text-align:justify">Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a &quot;bad idea&quot;.</p>

<p style="text-align:justify">&quot;It will further exacerbate the concentration of economic (and political) power in certain business houses,&quot; they said about the IWG proposal in a note published on Monday on LinkedIn.</p>

<p style="text-align:justify">Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School.</p>

<p style="text-align:justify">They questioned the timing of the propoal at at time when &quot;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&quot;.</p>

<p style="text-align:justify">&quot;Many technical rationalisations proposed by RBI&#39;s Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf,&quot; argued Rajan .</p>

<p style="text-align:justify">&quot;The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending,&quot; they said.</p>

<p style="text-align:justify">Referring to the group&#39;s proposal to allow Indian corporate houses into banking, the article said, &quot;its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell&quot;.</p>

<p style="text-align:justify">Please <a href="https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html">click here</a> to read more.</p>
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The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel&#39;s proposal at a time when &#39;India is still trying to learn the lessons from failures like IL&amp;FS &amp; Yes Bank&#39;

New Delhi: Raghuram...'
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Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath

-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a "bad idea". "It will further exacerbate the concentration of economic (and political) power in certain business houses," they said about the IWG proposal in a note published on Monday on LinkedIn. Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business and Acharya is a professor at the Stern School. They questioned the timing of the propoal at at time when "India is still trying to learn the lessons from failures like IL&FS & Yes Bank". "Many technical rationalisations proposed by RBI's Internal Working Group are worth adopting, while its main recommendation, to allow Indian corporate houses into banking, is best left on the shelf," argued Rajan . "The history of... connected lending is invariably disastrous -- how can the bank make good loans when it is owned by the borrower? Even an independent committed regulator, with all the information in the world, finds it difficult to be in every nook and corner of the financial system to stop poor lending," they said. Referring to the group's proposal to allow Indian corporate houses into banking, the article said, "its most important recommendation, couched amidst a number of largely technical regulatory rationalisations, is a bombshell". Please click here to read more.