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RBI to issue final norms on subsidiarisation
August 12, 2013August 12, 2013by In Infrastructure Finance

RBI to issue final norms on subsidiarisation

Media reports indicate that the final norms on subsidiarisation of foreign banks may be issued by Reserve Bank of India soon. RBI Deputy Governor Anand Sinha hinted that the central bank wants foreign banks to operate as wholly-owned subsidiaries of their global parent instead of being run