The gradual foreignerisation of Indian private sector banks is a dangerous proposition, fraught with risks, as depositors’ money will be at stake, cautioned the All India Bank Officers’ Association (AIBOA).Referring to the proposed move by Emirates NBD Bank to acquire a controlling stake in RBL Bank through a primary infusion of approximately $3 billion (₹26,850 crore), S Nagarajan, General Secretary, AIBOA, said: “Given that the banking system has stood the test of time, amid adverse global developments, i ...