........A debate has already begun whether corporate that doesn’t possess any banking experience but huge cash reserves should be issued licences or whether small time players like micro-finance firms and NBFC’s which have financial experience be permitted to make a foray into banking. Banking is a serious business and it involves lending, borrowing, maintaining liquidity, adhering to interest rates and lowering non-performing assets. All these aspects have to be managed amicably and require expertise which directly impacts a nation’s economy.................
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