Rajan’s ‘on-tap’ bank licensing likely putting aspirants on wait-&-watch mode

Reserve Bank of India Governor Raghuram Rajan had promised "on-tap" licensing and a "dramatic remaking of the banking landscape" on different occasions when he spoke about new banking licences. On the day he took charge on September 4, Rajan said the RBI would give out new bank licences consistent with the highest standards of transparency and diligence.

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