....Once again, we should examine the aspect in regard to the kind of banking that would be permitted to the new entrants. They would require sizeable capital, at least Rs 1,000 crore to begin with. An ability to increase capital by another Rs 1,000 crore in a span of following three years may be very essential. If we evolve a separate order of banking for regional and community activities, then perhaps the capital requirement could be less; however this seems unlikely......
Continue reding..............
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