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RBI deputy governor expects new bank licence rules very soon

RBI deputy governor Anand Sinha says consultations with the ministry are nearing an end
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First Published: Fri, Feb 08 2013. 12 24 PM IST
RBI deputy governor Anand Sinha added that there were risks in giving licences to corporates. Photo: Hemant Mishra/Mint
RBI deputy governor Anand Sinha added that there were risks in giving licences to corporates. Photo: Hemant Mishra/Mint
Mumbai: The Reserve Bank of India (RBI) is expected to issue new bank licence guidelines “very soon”, deputy governor Anand Sinha said on Friday.
RBI will arrive at a mutual decision on banking licence rules with the finance ministry, and consultations with the ministry are nearing an end, he said.
Sinha added that there were risks in giving licences to corporates. He was speaking on the sidelines of an event on Basel III. Reuters
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First Published: Fri, Feb 08 2013. 12 24 PM IST
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