Friday, March 30, 2012

RBI moves step closer to issuing pvt bank licences

....The Reserve Bank of India (RBI) has moved a step closer to issuing fresh private sector bank licences, with the government moving to seek the Cabinet’s approval for amendments in the Banking Regulation Act (BRA). The amendments in the BRA would empower the RBI to supersede the boards of banks and suspend licences in case of any wrongdoings. The Cabinet is expected to approve the amendments as early as this week........

Read...............

No comments: