“May Not Be Able To Give New Bank Licenses To All Eligible Applicants”
  • Gaurav Sarkar
  • May 06 2013

Speaking about the new bank licenses and financial inclusion, RBI Governor D. Subbarao says the central bank will ensure a realistic number of new banks come in. RBI will first sift through applications for eligibility and will appoint a committee to review the applications after July 1. The applicants will need clearances from enforcement and tax authorities.