It divided the banks into two groups: the commercial banks, that take your deposits, ordinary people, supposed to give money to small businesses to help grow the economy; and then the investment banks, taking money from rich people, investing it in more speculative activities.
Banks who sold their Ferrari
According to P Sainath, the revenue foregone in 2013-14 budget can fund three decades of Rural Job Scheme, PDS for four and half years which is 5.32 lakh crore. And when he calculates since 2005-06 it is 36.5 lakh crore which is 36.5 trillion., which can fund MGNREGA for 105 years, PDS for 31 years.