Banking growth runs parallel with economic growth: Bankers

The RBI governor D Subbarao today hinted the new bank license rules may allow corporates to promote banks.

Speaking at the FICCI-IBA banking conference he said that as the country contemplates allowing corporate groups to promote banks, there is a need to strengthen rules that prevent banks from lending to interested or promoter groups and directors. The draft new rules are expected to be issued by the RBI end of this week or early next week. Naina Lal Kidwai, group general manager and country head of HSBC India, SBI chairman Pratip Chaudhuri and Chanda Kochhar, managing director and CEO of ICICI Bank shared their views with CNBC-TV18 on this issue. Kidwai said that inflation is a main concern right now and raising interest rates haven