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RBI justified in asking for amendment before final guidelines on new licences: E&Y

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The govt continues to push the Reserve Bank of India (RBI) to issue final guidelines on new bank licences and move ahead with the process. At the same time, the RBI continues to seek the passage of the Banking Laws Amendment Bill before it moves forward on the issue. According to Ashvin Parekh of E&Y, the RBI is justified in asking for the amendments to be passed before the guidelines are finalised.

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