...........Apart from officials from the department of banking operations and development -- the department which has drafted the licence norms and primarily responsible for short listing -- some 20 odd officers are also now involved in the screening process. According to sources, these officers have been chosen based on their core competency in areas like corporate finance, accountancy and legal, among others. Four to five teams have been created -- headed by a general manager -- to look into various aspects of the applications. The entire process of screening the applications is being overseen by Anand Sinha -- the deputy governor of RBI, in charge of banking operations and development portfolio...........
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