Imagine this: The Reserve Bank of India (RBI) decides that customers who want to change banks for whatever reason have to seek clearance from them. A customer who wants to move from one bank to the other has to provide all supporting documents and convince an official sitting behind his desk in the RBI that he deserves to change banks. If the official is convinced, he clears the file. As it happens in India quite often, he may charge a small fee under the table to allow the customer to do this.
This, in effect, appears to be what the Central
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