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RBI to clarify on new bank licensing norms on June 3

The queries have since been examined and the clarifications would be posted on the RBI website on June 03, 2013

June 03, 2013 10:27 IST | India Infoline News Service
The Reserve Bank of India had issued guidelines for licensing of new banks in the private sector on February 22, 2013.

Following issue of the guidelines, RBI received several queries regarding the guidelines. To reply to all queries, RBI issued a press release on March 7, 2013 asking that queries on the guidelines may be sent to the Reserve Bank by April 10, 2013 and that clarifications would be posted on its website.

In response to that press release, the RBI received a large number of queries from intending applicants seeking clarifications on the guidelines. The queries have since been examined and the clarifications would be posted on the RBI website on June 03, 2013, the central bank said on Friday.

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