......After RBI struck down the three DCCBs' application to carry on banking operations last month, the courts were approached with the state government also being made a respondent. At a hearing held on Tuesday, the court directed the state government to clarify within a week the reason behind putting such a condition in the aid package. The banks were hoping once the package is declared RBI may reverse its decision or at least it may strengthen their case in the court. However, ..........
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