article/opinion/columns/ant- group-ipo-alibaba-group-china- nationalised-banks-india- 7048305/
- In the intro, mention the importance of credit for the development of the economy.
- In the body, discuss the challenges faced by the financial institutions in India- regulatory hurdles, issues in catering to the priority sector, bad loans, a limited number of banks, unwillingness of foreign institutions to lend when needed etc. In the next part suggest changes- creation of bank holding company for to replace the department of financial services, creation of more banks, strengthening of RBI etc.
- Conclude by mentioning the importance of freedom for financial institutions instead of protectionism.