This refers to the edit 'Cautious Opening' (ET, Aug 31). The RBI's new draft guidelines for the issue of fresh banking licences have defined some strict parameters. But the best among them is the stipulation to ensure 25% branches in rural India. But chances are that very few new banks will be ready to meet this particular criterion. In such a scenario, how the central bank will pick and choose new banks would be interesting to watch.
BAL GOVIND, Noida (ET)
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