SBP and RBI would mutually agree upon the selection of the banks that would be allowed to open branches in the two countries. The permission to open the branch would depend on the regulatory policies and procedures practised by the commercial banks. SBP and RBI would also decide the licensing of more branches after considering their policy and the licensing norms applicable to the foreign banks from time to time.
SBP and RBI would mutually agree upon the selection of the banks that would be allowed to open branches in the two countries. The permission to open the branch would depend on the regulatory policies and procedures practised by the commercial banks. SBP and RBI would also decide the licensing of more branches after considering their policy and the licensing norms applicable to the foreign banks from time to time.