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RBI issues 'on tap' bank licence norms, bars conglomerates

The Reserve Bank Monday released guidelines for 'On Tap' licensing of private sector universal banks. The guidelines state individuals with 10 years senior-level experience are eligible to promote a bank but large industry houses have been excluded as eligible entities, although they can invest up to 10 percent.

first published: Aug 1, 2016 06:20 pm

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