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Jan 29 2007

Vinayak Local Area Bank Limited Vs. Reserve Bank of India and ors.

Court: Delhi

Decided on: Jan-29-2007

Reported in: [2009]89SCL89(Delhi)

commence banking business. In January, 1999 the RBI, conveyed its approval in principle for the promotion of a local area bank subject to various terms and conditions and finally on 28th July, 2000, granted a license to the


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