The Indian banking is undergoing through some unusual structural changes and naturally the news has been making round about one of those, which is 'differentiated banks'. As widely reported and circulated, the RBI Governor Raghuram Rajan is a firm believer in the ideas behind it, and thus the central bank's guidelines come so hands-on this, it leaves no chance unturned to make the keen watcher believe, these new institutions will end all ill in existing system at place.
Turning 50, this year was for me was not only a personal milestone. In fact, it wasn't a milestone at all - it was a transition. Much like the India we were born into - where prosperity and prospects were both hard to come by - transitioned into an inclusive India we live in today.