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HindustanTimes Thu,02 Oct 2014

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.

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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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