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No new licences for cooperative banks
MUMBAI,
FEB. 10.
The Reserve Bank of India Deputy Governor, V. Leeladhar, today said that no fresh licences for cooperative banks would be issued till the issue of dual controlling of the cooperative sector was resolved through policy framework.
Addressing a conference on `Banking Technology', organised here by the Indian Banks Association (IBA), Mr. Leeladhar said the restructuring in the cooperative banking sector would be allowed through merger and acquisition (M&A) process — UNI
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