RBI chief says RBI board committee to decide on bank licences
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RBI chief says RBI board committee to decide on bank licences

Last Updated: Wednesday, April 2, 2014, 12:41
 
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RBI chief says RBI board committee to decide on bank licences
Mumbai: The Reserve Bank of India Governor Raghuram Rajan said on Wednesday a final call on issuing new bank licenses would only be given after a decision is reached by the central bank board committee, without providing a specific timeline.

Rajan, in an interview with a TV channel, also called issuing new bank licenses a "regulatory" process that should not come to an end because of a change in government.

On Tuesday, the election commission allowed the RBI to announce new bank licences even before the general elections conclude next month.



Reuters

First Published: Wednesday, April 2, 2014, 12:38


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