RBI deputy says new bank license guidelines before end March - TV
MUMBAI (Reuters) - The Reserve Bank of India (RBI) will issue final guidelines on new bank licenses before the current fiscal year ends in March, local television news channels reported, quoting Deputy Governor Anand Sinha.
The guidelines would pave the way for corporate houses to enter the banking sector. No new Indian bank has been formed since Yes Bank(YESB.NS) in 2004.
The RBI has completed talks with the finance ministry on the new bank license guidelines, Sinha was quoted as saying by local TV.
(Reporting by Shamik Paul; Editing by Susan Fenton)
- Tweet this
- Share this
- Digg this
- Canada's parliament attacked near where PM Harper was speaking
- Google launches new email service dubbed "Inbox"
- UPDATE 2-Divided U.S. SEC adopts mortgage rule, decries lax lending
- Drugmakers to join forces to make millions of Ebola vaccine doses
- Air strikes kill around 25 Islamic State fighters in Iraq - residents
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article