The Reserve Bank of India has clarified that it is not issuing any new banking licenses "as of now".
"As of now, we are not giving any new bank licenses. After Yes Bank, no approval has been given so far," Reserve Bank of India Deputy Governor Shyamala Gopinath told reporters while speaking on the sidelines of a symposium.
The Deputy Governor while giving reply to a query on the state government's proposal to set up financial institutions based on the principle of 'Islamic banking' to attract interest free deposits from non-resident Keralites said she has not yet received this proposal.
In a reply to a query whether RBI will permit the Kerala government to increase borrowing limit, she stated the RBI does not have the authority. It is an issue to be decided by the Centre and state, she said. The Centre has to give the permission for this.
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