...........Considering the importance of the financial sector, in general, and the crucial role of the RBI (Reserve Bank of India) in particular, Mr EAS Sarma, former union government secretary believes that MoF (Ministry of Finance) and RBI should jointly address the issues raised by Mr Ramesh Arunachalam in his article in Moneylife to ensure that the process of selection of applicants for new banking licenses remains credible in public perception........
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