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India's new bank licence guidelines in final stage - cbank chief
January 29, 2013 / 10:38 AM / 5 years ago

India's new bank licence guidelines in final stage - cbank chief

Jan 29 (Reuters) - India’s central bank is close to finalising the guidelines for new bank licences, Duvvuri Subarao, the governor of the Reserve Bank of India said on Tuesday.

The central bank has responded to the government’s recommendations, and is awaiting New Delhi’s response on the points raised by the RBI, Subbarao said.

Earlier in the day, the central bank cut the key repo rate and banks’ cash reserve ratio by 25 basis points each. (Reporting by Neha Dasgupta)

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