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
- Exit polls see gains for BJP in state elections
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- UPDATE 1-Sports-mad South Africa salutes Mandela "The Captain"
- WTO overcomes last minute hitch to reach its first global trade deal
- Mega Millions jackpot climbs to $344 mln for next week
The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy. Full Article