.........Perhaps the RBI has a longer game plan. In its statement, it admitted that its approach was "conservative" and opened up the prospect of more licences being issued over time, particularly within the differentiated licence framework that was proposed last year. This implies that more specialised and bounded institutions with a focus on inclusion are likely to be issued licences soon. But, going beyond licensing issues, the fact is the future of Indian banking, including the goal of ............
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