RBI: India foreign ownership liberalisation will be slow

Author: | Published: 8 Feb 2012

Liberalisation of foreign ownership of Indian banks and insurance companies is likely to be slow due to the difficult political landscape, according to an Indian Reserve Bank (RBI) representative.

"Sometimes it's very difficult for a country to push through all the reforms that it desires," said Ranjith Kumar, UK regional head of the RBI at the City Week conference in London...