The Reserve Bank of India (RBI) is likely to give out the much-awaited bank licenses in a phased manner, with public sector or quasi public sector enterprises getting the nod within January next year, given the fact that their track records are open and in public domain. This would mean a relatively less stringent due diligence process, a source familiar with the development said on the condition of anonymity. RBI may issue the rest of the licenses by the middle of next year...........
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