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    <title>Slew of Financial Sector Legislative Reforms Proposed New Guidelines for Banking Licenses to be Out in the Current Financial Year</title>
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    <description>Proposed legislative measures and regulatory action aim to advance financial sector reform through multiple targeted amendments across banking, insurance, pension, and credit recovery frameworks, and to expand private sector participation by permitting additional banking licences under amendments to the Banking Regulation framework; the process has incorporated public consultation and the central bank intends to publish detailed banking licence guidelines within the current policy cycle.</description>
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