...........“They (applicants) have been given a transition period, so we expect them to comply with all the requirements... All applicants have to meet our (RBI) standards and that is all I can say right now,” said Sinha on the sidelines of a financial inclusion conference organised by industry body FICCI. With regard to a special consideration for India Post or dispensations of few applicants, Sinha said the RBI is in the process and looking at a committee. “The committee’s work will start once the internal scrutiny is over...It will be premature to comment on it. It is only after the scrutiny that we can take a definite view on India Post or the dispensation that has been sought by applicants.”............
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