Saturday, August 3, 2013

Bank licences for companies will make sector competitive: RBI

......In a bid to ally concerns over issuing new bank licences to companies, RBI Governor D Subbarao today said corporates will bring in large amounts of capital and make the sector more competitive. "The main reason we have allowed corporates is to leverage their proven entrepreneurial talent and management expertise," Subbarao said at a function organised by the Institute for Development & Research in Banking Technology..........

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