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RBI clarifies on new banking licence, revises validity time

RBI on Monday issued a series of clarifications against 443 queries sent by external parties in relation to guidelines for new banking licence issued on February 22, 2013. The central bank however, revised the validity period of the in-principal approval for setting up of the bank to 18 from 12 months earlier.

first published: Jun 3, 2013 04:47 pm

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