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HindustanTimes Sun,13 Jul 2014

Banking

RBI to give only 5 new licences?
PTI
New Delhi, February 25, 2013
First Published: 22:32 IST(25/2/2013)
Last Updated: 22:34 IST(25/2/2013)

The Reserve Bank of India (RBI) may not issuemore than five new bank licences as the RBI wants to be very selective initially, Standard Chartered and Bank of America Merrill Lynch said in a report.

Goldman Sachs said the pool of eligible applicants may be limited as the RBI will be cautious in giving out licences.


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