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Corporate Aug 28, 2012

‘FM to review policy for banking licences’

Sources told CNBC TV-18 on Tuesday that the Finance Ministry is keen on bringing in regulations for small, medium, large banks.

P Chidambaram. AFP

Sources in the Finance Ministry said that they were keen to review financial inclusion norms as per the size of the bank.

"The RBI has been requested to cut rural branch need to 15% from 25%. Minimum capital, FDI, promoter definition will also be reviewed, " the sources told CNBC TV-18.


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