Tuesday, January 8, 2013

Hike minimum investment limit for bank licence to Rs 1,000 crore: Assocham

............."Considering the heavy investment needed for technology up gradation for the future purposes, there can be a stipulation suggesting that minimum capital requirement shall be hiked to Rs 1,000 crore from Rs 500 crore within five years of starting the bank. This can help to ensure only serious and resourceful entities are eligible to apply," it said in a statement. ....................

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