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2009 News

RBI sets the ball rolling on new branch licences
The Reserve Bank of India (RBI) today set in motion the process of allotting bank licences to private sector players and non-banking finance companies (NBFCs). It will come up with a discussion paper by July this year. This will be followed by discussions with stakeholders before the guidelines are issued. In addition, RBI said, applications for new bank licences would be referred to an external expert
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