Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / People/  Views divided on banking licences: Subbarao
BackBack

Views divided on banking licences: Subbarao

Views divided on banking licences: Subbarao

Premium

Kolkata: Public opinion on new banking licences is divided on all key issues, said D. Subbrao, Reserve Bank of India’s (RBI) governor, after the central bank’s board meeting in Kolkata on Thursday. New banking licences were discussed at the board meeting, and it was decided that RBI would make the feedback public.

Views on all key issues such as whether or not corporate houses should be allowed to set up banks, whether non-banking finance companies (NBFC) should be allowed to turn into banks, were divided, Subbrao said.

RBI received feedback on five key issues. It would finalise its guidelines on new banking licences by the end of next month.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Dec 2010, 02:20 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App