RBI to issue new bank licences in next 4 months: FinMin
30/05/2014 10:32
According to the Finance Ministry, Reserve bank of India is likely to come out with fresh norms on new bank licences in the next four months, reported PTI. "Hopefully, in next few months RBI will start inviting applications... RBI will take 4-5 months for preparing the new set of guidelines for on-tap and for differentiated banks," Financial Services Secretary G S Sandhu told media. In April, the Reserve Bank of India (RBI) had issued bank licences to IDFC and Bandhan Financial Services, out 25 applications, said the media report. However, India Post was one among the 25 unsuccessful contenders for new bank licences. The applicants also included state-run IFCI and private sector Anil Ambani group and Aditya Birla group, Bajaj Finance, Muthoot Finance, Religare Enterprises and Shriram Capital. At present, there are 27 public sector banks and 22 private sector lenders in the country.
30/05/2014 10:32
According to the Finance Ministry, Reserve bank of India is likely to come out with fresh norms on new bank licences in the next four months, reported PTI. "Hopefully, in next few months RBI will start inviting applications... RBI will take 4-5 months for preparing the new set of guidelines for on-tap and for differentiated banks," Financial Services Secretary G S Sandhu told media. In April, the Reserve Bank of India (RBI) had issued bank licences to IDFC and Bandhan Financial Services, out 25 applications, said the media report. However, India Post was one among the 25 unsuccessful contenders for new bank licences. The applicants also included state-run IFCI and private sector Anil Ambani group and Aditya Birla group, Bajaj Finance, Muthoot Finance, Religare Enterprises and Shriram Capital. At present, there are 27 public sector banks and 22 private sector lenders in the country.
