New bank licences only after RBI Act amendment


Ending speculation that the Reserve Bank of India (RBI) may issue final guidelines for fresh banking licences without the amendment of the Banking Regulation Act, the central bank on Thursday said that neither the final norms nor the process for inviting application could be done without changing the law.

 

http://www.business-standard.com/india/news/new-bank-licences-only-after-rbi-act-amendment/492136/

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