Why two licences is all that we could have expected

......Perhaps we need 50 licences, perhaps not, but in any case the above assessment is a patent misreading of ground realities. Banking licences are not a simple regulatory matter decided within the four walls of the Reserve Bank of India (RBI), unlike, say, a circular sent to banks to increase provisions on restructured assets. And RBI knows it acutely. More so the governor, who has had an association with the central government.............

Read - Mint