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India to give in-principle nod for new bank licence by end-March
05 Jun 2013, 07:39 PM IST
India is expected to give an in-principle approval for new banking licences by end-March 2014, Rajiv Takru, Secretary of Financial Services, Ministry of Finance, said on Wednesday.
On Monday, the Reserve Bank of India said it had extended the validity of in-principle approval for new banks to 18 months from one year.
Copyright: Thomson Reuters 2013
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