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RBI plans to give limited new bank licences

RBI plans to give limited new bank licences
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First Published: Wed, Aug 11 2010. 12 57 PM IST
Updated: Wed, Aug 11 2010. 12 57 PM IST
Mumbai: The Reserve Bank of India (RBI) on Wednesday said it intends to grant limited number of new bank licences and invited comments on the minimum capital requirements as well as promoters shareholding in new banks.
The central bank released a discussion paper on entry of new banks in the private sector and has invited comments on the same by 30 September.
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First Published: Wed, Aug 11 2010. 12 57 PM IST