The Reserve Bank of India (RBI) has relaxed norms for setting up bank branches in North-East India and no prior approval of the apex regulatory body is required in this regard, a senior Tripura minister said on Thursday. The clarification came during a meeting between RBI Governor D Subbarao and Tripura's Finance Minister Badal Choudhury in Mumbai on Wednesday. Worry was expressed over the gradual fall in the credit-to-deposit ratio in the region.
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