Tuesday, July 2, 2013

We see case for revising norms by RBI if response for banking licences is tepid: DK Mittal, Finance Ministry

...... I understand, many of the applications will have certain conditionalities attached to them. It is up to the committee which RBI intends to set up to see whether they want to agree to those conditionalities or not. However, RBI will have a policy problem - if they agree to certain condationalities, then they have to commit general relaxation. But let me say, what would be appropriate from the country point of view, that RBI considers a granting application to everybody who is eligible rather than restricting any number............

No comments: