.......Armed with the amended banking law, if RBI chooses to release the final guidelines in January, giving a three-month window to the aspirants to apply for licences, and takes another three months to identify the right candidates, the first licences should be handed out before Governor D.Subbaraos term ends in September. RBI should have an open mind to allow as many entities to set up banks as it finds fit and proper. It’s almost three years since the budget announcement—how long should we wait?......
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