Consideration of application for grant of certificate of registration

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Full Text of the Document

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.... the sponsor belongs to one of the following categories, namely :- (i) a public financial institution as defined in section 4A of the Companies Act, 1956 (1 of 1956); (ii) a bank included for the time being in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934); (iii) a foreign bank operating in India with the approval of the Reserve Bank of India; (iv) a recognised ....