KOLKATA: Reserve Bank of India
said it will answer the queries on new bank licensing guidelines on
June 3, leaving nearly a month for the aspirants to submit applications.
The banking regulator had
issued guidelines for licensing of new private banks on February 22,
2013. It has told the interest parties to submit applications by July 1.
RBI
had received several queries regarding the guidelines from the
interested entities. It said it would post the clarifications on its
website.
Private entities or groups,
entities in public sector and non-banking financial companies are
eligible to apply for banking licence.
Aditya Birla Group, Larsen & Toubro, Mahindra & Mahindra and government-owned India Post and Life Insurance Corporation of India are among the entities which are keen to apply for banking licence.
RBI said it had received a
large number of queries from the aspirants seeking clarifications on the
guidelines. ""The queries have since been examined and the
clarifications would be posted on the RBI website on June 03, 2013,"" it
said.
Source : http://economictimes.indiatimes.com