Monday, September 30, 2013

Sinha wants RBI to turn back on road to new bank licences

......... “(Bank) Licences have not been issued so far; only applications have been submitted. Therefore, the process can be rolled back and it cannot be legally challenged by anyone. We have called upon the RBI and the government to reconsider the decision (to allow corporates in banking). If the RBI and the government have another view, let us agree to disagree."................

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