Five new Bank and two new Insurance licences. Zero Indian Banks

All banks and insurance companies are owned by the Malays and the Chinese. The last Indian owned bank, the Central Cooperative Bank (CCB) and Bank of Commerce (BOC), MCIS Zurich (gone) and also Oriental Capital (going anytime now with Maika Holdings downfall) were all absorbed by the Malay-sian UMNO Banks in the last fifteen years under dubious mergers. And neither will any of the new five and two insurance company licences be given to the Indians, so as to include them into the national mainstream development of Malaysia.
This is “ethnic cleansing” of the Indian businesses in the banking sector by UMNO in Prime Minister Najib Razak’s One Malay-sia.
P. Uthayakumar