Tuesday, June 4, 2013

Did RBI just make bank licence very, very difficult?

The Reserve Bank of India (RBI) seems to have quietly rolled a grenade at those aspiring for a bank licence. In its clarification to queries on new bank licence guidelines on Monday — to the final guidelines issued in February — the apex bank has said the promoting company aspiring for one must have at least 51% public shareholding. Yes, “at least 51% public shareholding”..............

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