The internal panel of RBI’s recommendation to allow corporate houses to promote banks, has triggered strong protests and concern among the economists and financial experts who have full knowledge about the dangers involved with such a “great” recommendation . Majority of the ordinary customers of the banks are concerned because, they very surely know that, the banks charges for all types of their services would go up, every transaction would become digital forcing them to struggle with technology , safety of their bank deposits is doubtful due to their limited knowledge about the losses to the banks due to irrecoverable loans from the big corporates. The sufferings of the big depositors due to the shock given by the collapsed banks due to non recoverable loans from the big corporate and the endless wait to have access to their own money due the prolonged legal battle is still lingering in the affected parties mind . This recommendation is like appointing well versed agents of banking frauds as custodians of banks funds .
