Wednesday, November 27, 2013

Local area banks want more leeway to mobilise deposits

..........In its Report on Trend and Progress of Banking in India — 2012-13, the RBI said LABs show promise of small-scale banking institutions that can be experimented with on a larger scale in future. The Reserve Bank’s Discussion Paper ‘Banking Structure in India: The Way Forward’ has recommended the creation of more number of smaller banks in the private sector with the objective of achieving financial inclusion at the local level..........

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