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    <title>Competition in the Banking Sector: Opportunities and Challenges (Governor Dr. Raghuram Rajan’s talk at the Annual Day Lecture of the Competition Commission of India)</title>
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    <description>Regulatory reform should expand competition through differentiated bank licences (including small and payments banks), targeted relief from legacy obligations like SLR/CRR for long-term infrastructure finance, and tradable fulfilment of priority-sector targets, alongside governance and managerial autonomy reforms for public sector banks to enable them to compete while preserving public purpose.</description>
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