MUMBAI 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)
Trending On Reuters
The U.S. Department of Justice (DoJ) has subpoenaed India's largest drugmaker Sun Pharmaceutical Industries Ltd seeking information about the pricing and marketing of the generic drugs it sells in the United States, the company said on Saturday. Full Article