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Bank licence door likely to stay shut for large industrial houses

RBI's final report, expected in 10 days, set to overrule working group's suggestions

Topics
Reserve Bank of India | RBI | banking licence

Raghu Mohan  |  Mumbai 



banks, lending
The RBI’s final report is expected to have more details of an operational nature, but from a policy stance, it may be a “no-go” as far as issuing banking licences to large industrial houses is concerned

The (RBI) may not be in favour of issuing banking licences to large industrial houses as suggested by an internal working group (IWG) in November last year, and the regulator is expected to make its stance clear when it releases its final report within 10 days. “The status quo may be expected to continue,” said a top source.

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First Published: Sat, September 18 2021. 06:01 IST

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