...... RBI
has said that it may force some of the foreign banks to incorporate
locally if it feels that rules in its home country requires the bank to
favour depositors back home over depositors abroad. Foreign banks which
account for 0.25% of banking assets in India may also
be forced to convert into a local entity. Domestic incorporation may
also be made mandatory for banks that do not have adequate disclosure
requirement in their home jurisdiction, or.............
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