.............“We have written to the Reserve Bank of India (RBI) if one promoter can float multiple banks with different managements and different boards,” said G S Sundararajan, group director. “In case it is allowed, we would be keen to look at wholesale consumer banks and small banks as well.” In a major shift in its traditional stance on bank licensing, RBI has said it would allow niche banking activities and invite applications for differentiated licences, along with those for a universal lender.......
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