Bank customers need to be wary of concentration risks

.....Bank customers, particularly individual depositors and individual borrowers, have, in each of the two previous occasions of new banks, been affected through enhanced competition leading to better product offerings in banking. However, they need to be watchful of the effects just like how RBI is being wary of going overboard by issuing a spate of new bank licenses. The stringency RBI’s recent revision of new bank norms clearly points to that..............

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