Criteria for new banks

..The objectives of licensing new private banks haven’t gone beyond the generality of hoping they make banking more ‘inclusive’. But objectives are vastly different from motives — the former are for public consumption while the latter is the hidden reality. To hope all private banks with their profit, or worse, private agendas, to drive ‘inclusive banking’ is a joke. And one’s certain a man of Jalan’s experience knows this only too well. Still, he has a mandate to be fulfilled as best as he can..................

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