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SBI - Approves Allotment Of Shares Worth Rs 5,681 Cr To GOI RUPEE AT CLOSE - Rupee Falls For Sixth Consecutive Week

RBI Picks IDFC & Bandhan To Run Banks

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April 3: The long wait for bank licences is finally over, the RBI, in its own words, has been conservative in granting 'in-principle' approval for 18 months for the two companies IDFC and Bandhan Financial. These two will be the first banks to be formed in about a decade if they satisfy the conditions put forward by the central bank in 18 months. Saloni Shukla shares a detailed report on the same.