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Assocham wants RBI to issue licenses in staggered manner
April 18, 2013April 18, 2013by In Infrastructure Finance

Assocham wants RBI to issue licenses in staggered manner

In a note to the Reserve Bank of India (RBI), Assocham said the central bank may consider giving out new bank licences in a staggered manner to few players in a specific time frame given the uncertainties or volatilities associated with current business environment. The note pointed out that the granting of banking license could be a process, and not an event. The indus