....According to the "Fit and Proper" criteria set by the Reserve Bank of India for new bank licences, the central bank will assess the eligibility of promoters and promoter groups on several aspects. One of the criteria is that promoters/promoter groups should have a record of sound credentials and the RBI may seek feedback on applicant croups on these or any other relevant aspects from other regulators and enforcement and investigative agencies like Income Tax, CBI and the Enforcement Directorate......
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