....It was expected that RBI may accept the cooperatives' application to conduct operations after the aid was granted. However, sources say the cabinet move to approve Rs319 crore assistance to the three banks this week should have come a bit earlier. The situation would have been different had the aid been granted while the banking applications were still under consideration. For the RBI too, this comes as a unique case. "Now, the case will have to be considered afresh. Apart from considering the financial parameters, even legal aspects will have to be examined as never before such a case has come forth," said a source........
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