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RBI may delay further liberalisation policy for foreign banks
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October 12th, 2008 · No Comments
The global financial crisis may force the Reserve Bank to delay the roadmap for further liberalising the banking sector by six to eight mo
nths from the scheduled date of April, 2009, a finance ministry official said.
“Opening of the banking sector to foreign players could be delayed by 6-8 months due to present uncertain global times,” the official on the condition of anonymity said.
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