Sure failure

.....The committee is headed by a former governor of the RBI known for his socialist and conservative leanings. So it is likely to choose the most boring names out of the list that confronts it. If everyone that has hitherto been shortlisted is given a licence, the number of banks could almost double; the actual increase is likely to be smaller. Licences are only the first step; the new banks will then have to find properties that can attract customers, staff that can be trusted with money, and depositors who are prepared to move from the banks they are familiar with. All this is going to take time; so it is unlikely that the banking structure of India will change much in the next decade. Whatever competition emerges will be muted...........

Read - The Telegraph