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RBI may give more time to new licensees to set up banks
June 4, 2013June 4, 2013by In Infrastructure Finance

RBI may give more time to new licensees to set up banks

It is expected that the Reserve Bank of India (RBI) is to allow new banking licensees more time to set up banks. The earlier guidelines said aspirants would get a year after in-principle approval to do so, failing which the licences were to be withdrawn. The RBI would shortly announce a consolidated clarification on the new licence norms.