Indian Economy
The co-operative credit societies have a

three-tier structure
four-tier structure
five-tier structure
two-tier structure

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to lend more easily for industrial development
to reduce the freedom given to banks to rationalize their existing branch network
to govern entry of new private sector banks to make the banking sector more competitive
to setup more foreign exchange banks

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