...............Though the licensing tranches started nearly 25 years after bank nationalisation in 1969, one in 11 applicants and one in 50 got RBI banking approvals in 1993 and 2003 respectively. Ten entities were granted approval in 1993, while in 2003, that was whittled down to just two applicants. But this time, the ratio may improve, as the base number is low at just 26 and the government may be keen to enlarge the banking network owing to its financial inclusion commitments.....................
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