......What are the merits and demerits from the point of view of banks? The advantage is near-national treatment on a par with other banks of local origin in the matter of opening branches without RBI approval, subject to certain restrictions. Even as it is, under a World Trade Organisation agreement, RBI is required to give foreign banks 12 new permits to open branches every year, including those given to new entrants and existing lenders. Would national treatment also imply all the other features such as inclusive banking, no-frill accounts and so on? The RBI needs to clarify the point...........
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