Reserve Bank of India (RBI) is expected to give 'in-principle' approvals for new banks during the first quarter of the next year, Finance Minister P Chidambaram said. "At the first stage, the applications will be screened by RBI to ensure prima facie eligibility of applicants, including the assessment of 'fit and proper' status of applicants," he said in a written reply to the Lok Sabha on Tuesday.............
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