......It’s possible, therefore, that the larger and more entrenched banks will opt for the WoS route; though a couple of the smaller players have said they will give it a shot, some might prefer to stay with their existing models based primarily on fee-based incomes. RBI has been generous enough to give foreign banks a choice even though it would prefer they operate through a WoS since that would lower systemic risk. The rest is up to them.
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