after the applications were deemed complete, they were then forwarded to the committee to review application to establish a commercial bank in accordance with the financial sector master plan (committee), created by the ministry of finance and responsible for considering the application (composition of committee in box4). the committee had altogeter three months to review the eligibility and suitability of applicants' business plans using criterion derived from international standards (Box5), and submit their recommendation to the minister of finance. who had two months to issue the final decision