New Guidelines for Banking Licenses soon

The Finance Minister also stated that amendments are proposed to the Banking Regulation Act to give some additional licenses to the private sector players.

He mentioned that the discussion by way of inviting feedback from the public on the paper issued in this context by the Reserve Bank of India (RBI) in August 2010 is complete.

Shri Mukherjee said, he proposes to bring in this regard in the current Session and RBI is planning to issue the guidelines for banking licenses before close of this financial year.

Source : Equity Bulls

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