Reuters logo
New bank licence guidelines in final stage - RBI chief
January 29, 2013 / 10:43 AM / in 5 years

New bank licence guidelines in final stage - RBI chief

REUTERS - The RBI is close to finalising the guidelines for new bank licences, Duvvuri Subarao, the governor of the Reserve Bank of India said on Tuesday.

A cashier (L) counts currency notes as customers wait inside a bank in Hyderabad March 22, 2010. REUTERS/Krishnendu Halder/Files

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below