◆RBI on course to issue new bank licences， says Rajan
【Kolkata】The Reserve Bank of India will start issuing new banking licences from early next year.
RBI Governor Raghuram Rajan said the apex bank is "rimarily on course' to hand over the licences. "We are largely in line with our target date, may be a few weeks this way or that way. We hope to start handing out the licences by early next year," Rajan told reporters here.
He, however, did not peg on the number of licences that would be handed out. The decision to issue licences would be taken by a committee. "That will be based on what the committee recommends and what the RBI decides. We don't have a fixed number in mind," Rajan said.
A total of 26 companies have applied for licences.
【News source】