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What are the conditions that RBI may require to satisfy before granting license to the banking company?
company is or will be in a position to pay its present or future depositors in full as their claims
company has adequate capital structure and earning prospects;
public interest will be served by the grant of a licence to the company to carry on banking business in India;
all of the above
Section 22 talks about the licensing of the banking companies. and in clause 3 there are all conditions mentioned which has to be fulfilled by banking company to get access to the license for the banking business in India.
By: SHIKHA PURI ProfileResourcesReport error
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