The
RBI had more than 400 questions seeking clarifications on new banking
licence guidelines. But there is even more brewing in the minds of
consultants, lawyers and entrepreneurs. Someone wanted to know if the
RBI would display the names of villages with population of less than
9,999. RBI replied saying it “can be obtained from the concerned State
Level Bankers Committees and District Consultative Committees at the
time of opening branches”. It can be done, but will it be based on the
latest census or the current population? As in most cases, reality and
statistics do not agree.
ET
ET
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