RBI deputy expects bank licence rules 'very soon'

MUMBAI Fri Feb 8, 2013 11:51am IST

Kashmiri people perform transactions at a bank in Srinagar August 19, 2008. REUTERS/Fayaz Kabli/Files

Kashmiri people perform transactions at a bank in Srinagar August 19, 2008.

Credit: Reuters/Fayaz Kabli/Files

Related Topics

MUMBAI (Reuters) - The RBI is expected to issue new bank licence guidelines "very soon", deputy governor Anand Sinha said on Friday.

The Reserve Bank of India will arrive at a mutual decision on banking licence rules with the finance ministry, and consultations with the ministry are nearing an end, he said.

Sinha added that there were risks in giving licences to corporates. He was speaking on the sidelines of an event on Basel III.

(Reporting by Neha Dasgupta; Editing by Jijo Jacob)

FILED UNDER:

Aviation

REUTERS SHOWCASE

Global Economy

Global Economy

EU leaders agree investment package to boost economy.  Full Article 

Oil Prices

Oil Prices

Brent steady below $60, heads for 4th weekly decline as oversupply persists.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of economy in 2013 by 3.4 percent.  Full Article 

Reuters Exclusive

Reuters Exclusive

Google aiming to go straight into car with next Android – sources.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage