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Discretion as Policy: RBI’s Strategic Sovereignty and New Foreign Banking Framework
The country’s policies for financial liberalization are not based entirely on ideology anymore; they depend on the situation and are carefully planned. How the RBI allows foreign banks to be involved evidences the growth and maturity of the financial system. It is putting in place a filter to invite foreign money if it follows the country’s financial rules, encourages more trust in national politics, and matches what the nation aims to achieve.
Shivanshu Shivam
22 hours ago6 min read
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