IDFC, Bandhan get ‘in-principle’ nod to set up banks

withdrawal addressing private expanding activities trust being rajiv press act 'on going businesses firm part exercise categorised provide network model comply future reserve deserve very may finance rbi's hlac status conduct requirements appropriate matter tap' conditions hard conservative proper pti running concern intends universal regulation down government told economy' those un fledged announce bandhan having 22 included principle' augurs point compliance stance intimately analysis poor consultation virtually months statements paper election hlac build were proposed past believes happened building areas requisite while coming allow chandra rajan move 2013 chairman based commencement sector committee added frame 'in group licensing aspects set country elections proceed accepted given ensure kolkata capabilities per learning reach are regularly apply differentiated ghosh long application force department both took business assessed central code fit prior round recognition indian commission regular idfc offer 221 stipulated record governor tuesday development separately shekhar rounds doing guidelines public discussion applicants' quantitative recommendation february india opportunity has secretary heartening consider prepared integrity posts raghuram applicant applications pave section able during bank_ categories expand approach 25 grant advisory been recommended principle until was governance key valid 18 g view plan limited conference inclusion banks within revise begins economy framework_ comes criteria culture bandhan appropriately s full reports complied laid track granted barred qualify rbi micro forward according trusted qualitative level wednesday 10 did pool fulfil idfc sandhu satisfied release decision allowed 'augurs more lall banked wider suitable entrants considered 1949 high demonstrated