No Cap On Number Of New Banking Licenses: Rajiv Takru
  • Nikita Setia
  • Aug 02 2013

What is the next logical step after the RBI received 26 applications for banking licenses? Financial Services Secretary Rajiv Takru says the RBI is carrying out its internal scrutiny but there is no cap on the number of licenses. “However, not everyone who meets the benchmark will get a license,” he adds.