The Reserve Bank of India is all set to bring amendments in the in the guidelines for issuing of new banking licences. The revised guidelines are expected to be effective by the end of current fiscal year.
While presenting the Union Budget the Finance Minister Mr. Pranab Mukherjee said "RBI is planning to issue the guidelines for banking licences before the close of this financial year."
Soon after the announcement, the Central Bank asked for the opinion of stakeholders about the same.
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