..........At a banking conference on Tuesday, RBI Executive Director B Mahapatra told reporters that the central bank is currently screening the applications. The applications are being initially screened based on technical aspects before the regulator and the committee consider the efficacy of business plans submitted by the applicants and, most importantly, judge whether they meet the central bank’s ‘fit & proper’ criteria. “Our internal screening, we have just started the process. We are seeing whether the applications are complete and all documents are in place,” Mahapatra said.............
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