Reserve Bank of India to issue much-awaited banking licenses to reshape banking sector

Friday, March 14, 2014

The next generation of banking structure will be the first step to a thousand mile journey to make India the third largest banking economy in the world. The issue of “on-tap” new banking licenses will prove to be a game changer for the Indian banking industry.

The next generation of banking structure will be the first step to a thousand mile journey to make India the third largest banking economy in the world. The issue of “on-tap” new banking licenses will prove to be a game changer for the Indian banking industry.

The Bimal Jalan committee has already completed the process of selecting applicants for issues of new banking licenses expected to be announced by March 31.

Source: DNA India (link opens in a new window)

Categories
Uncategorized
Tags
banking, financial inclusion, governance