Reserve Bank of India, the Regulator has now felt that it is time to differentiate between core and non-core functions of PSU Banks. Accordingly it is likely that RBI may release more stringent framework amending the Banking Regulations Act and ensure to segregate the two businesses and thus prevent any conflict of interest between the two.
Here is an article which describes this in detail.
**Courtesy: Economic Times dt 14th Dec 2022
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