Bankers' banquet: Follow up on the liberal guidelines with a few dozen new banking licenses

........Providing bank licenses to all deserving applicants is important because the RBI had so far placed a tight leash on new banks. This has ensured that India remains a relatively underbanked economy with about only 80 odd banks, of which around a third are foreign banks with a few branches each, serving a population of 1.2 billion people. Consequently .........

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