Wednesday, December 19, 2012

Lok Sabha passes Banking Bill, clears way for new banking licenses


...........Although there have been no recent public comments from the Reserve Bank of India on this issue, the RBI had earlier objected to futures trading, saying it could add to the speculative activities of banks. The Competition Commission clause in the Banking Bill has also been modified. This allows the RBI to remain the banking regulator, while the Competition Commission of India (CCI) will regulate mergers and acquisitions........


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