......Once the winners are announced, it may not be as if the failed applicants will throw in the towel. In fact, they may well pursue a go-ahead from the central bank for an alternative entry into the banking — via the inorganic route. Sudip Bandyopadhyay, who heads Destimoney Securities, feels that many of the private players who will not be allowed will later petition the RBI to allow them to acquire existing banks. "If the RBI allows new banks, there can't be justification for not allowing takeovers. Taking over an old existing bank may be a better strategy,"............
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