............But if there are questions of viability for these institutions, it would be difficult to comply with the rules. The central bank has moved swiftly ahead with Governor Raghuram Rajan’s desire to deliver on his promises. But the minds of the conservatives that frame the rules at Mint Street are moving at snail’s pace. The proof of the soundness of the rule will reflect in the number of applicants, or the amount of easing rules the applicants lobby for.
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