.......As part of this process, RBI has asked many applicants to provide further details about their promoters, equity structure, financial inclusion programme, proposed banking model, among others, sources said. RBI is also seeking details from other regulators, including capital markets watchdog Sebi and insurance regulator IRDA, about the businesses of the applicant entities under their respective jurisdictions, they added. With regard to some applicants, RBI has also sought to know details about source of funds and compliance to the structural norms proposed for new banking players............
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