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Context: A recent report by an Internal Working Group of the Reserve Bank of India has attracted a lot of attention as well as criticism.
Why was the IWG constituted and what were its recommendations?
Why is the recommendation to allow large corporates to float their own banks being criticised?
What is connected lending?
Then why recommend it?
https://indianexpress.com/article/explained/corporates-as-banks-key-issues-7064398/
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