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A big change is coming in India’s banking sector! Nearly a decade later, the government and RBI together are preparing to issue new bank licenses. This time, not only small players, but even big corporate houses can enter the banking sector! Recently, Bloomberg’s report revealed that the RBI and the Finance Ministry are working together on a vision where NBFCs may also be allowed to become a full-fledged bank and the entry of foreign investors can also be easier. The biggest twist is that this time industrial groups can also get a bank license – with certain conditions. If this happens, it can prove to be a game changer for India’s financial system. But at the same time, it will also be a sensitive decision in which transparency and control will be extremely important. Know the complete details in this video, what will be the effect and how the market reacted
