August 2, 2025

new banks

Banking

Govt, RBI weigh options on NBFC entry into banking – Banking & Finance News

The government and the Reserve Bank of India are looking at the entry of new banks and merge some of the existing public sector banks to create a financial system that can encourage risk-taking ability to support the pace of growth in a country that is slated to be the third largest economy by 2027-28.

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