Realty, broking firms can apply for new bank licences

Fri, Feb 01, 2013 at 21:49

Real estate and stock broking firms may be eligible to apply for new bank licences, CNBC-TV18 learns that RBI has agreed to drop explicit prohibition on new bank eligibility.

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Real estate and stock broking firms may be eligible to apply for new bank licences, CNBC-TV18 learns that RBI has agreed to drop explicit prohibition on new bank eligibility. The central bank will however critically evaluate business model and the promoters.

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