Why RBI needs to tap insurance, pension funds for infra finance and not go for long term finance banks
Since the Reserve Bank of India released its discussion paper on Wholesale and Long-Term Finance Banks (WLTF), much ink has been spilt over how it is much needed or how it has been tried before with ICICI, IDBI, IDFC etc. and failed. India’s infrastructure is generally accepted as inadequate and inefficient. India could do with…