Reserve Bank to issue guidelines for on-tap banking licences in FY15: R. Gandhi

The newly appointed deputy governor of Reserve Bank of India (RBI)RBI-Reserve-Bank-of-India Mr. R. Gandhi said that the RBI is likely to issue guidelines for issuance of “on-tap” bank licences in 2014-15.

Alongside, the RBI is also expected to issue guidelines on differentiated bank licences in the current financial year, Gandhi said.

Country’s like USA, Australia, Singapore, Hong Kong and Indonesia grans differentiated bank licence.

On-tap licensing means that the RBI window for granting banking licences will be open through the year.

Last month, the RBI gave bank licences to IDFC Ltd , and Bandhan Financial Services, opening the door for allowing new banks for the first time since 2004.

Leave a Reply

Your email address will not be published. Required fields are marked *