New bank licence norms get tougher as RBI clarifies at length

The Reserve Bank Monday made getting new bank licences more stringent even as it allowed the aspirants to have the holding and capital structure of the bank-holding company in place within 18 months of getting the in-principle nod, instead of 12 months prescribed earlier.

RBI to issue clarifications on new bank licence norms on Jun

The Reserve Bank Friday said it will issue clarifications sought by interested entities on new banking licence norms next week.

RBI to issue clarifications on new bank licence norms

To address the concerns of intending applicants, the Reserve Bank today said it will issue clarifications on the final guidelines for new bank licences.