Monday, October 7, 2013

Keep banking, industry separate: Sinha-led panel

....The committee would like Reserve Bank of India to have a mechanism of incentive/ disincentive in place so that this mandate/stipulation could be strictly enforced and it does not remain only on paper, as is the case now. For every three branches in urban areas, there must be a branch in a rural area. Permission to open branches could be given in lots of four at a time which would enable RBI to properly enforce this norm,’’ ...........

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