As the Reserve Bank of India (RBI) gears up to issue new bank licences, capital markets regulator Securities Exchanges Board of India (Sebi) has also a job at hand that involves scrutinising all applicants coming under its jurisdiction directly or through group entities. Sebi’s scrutiny follows detailed queries shot off by RBI to various regulators in India and abroad as a part of its due diligence of entities seeking to enter banking arena.........
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