The Reserve Bank is to grant banking licenses to the corporate plays and to ensure smooth proceedings RBI will issue guidelines about it in next 15-20 days.
The Financial Services Secretary Mr. Shashikant Sharma said “Very soon, we will have a final discussion with Finance Minister Pranab Mukherjee on the draft and then we can go ahead and give a green signal to it.”
During the Union Budget Finance Minister Mr. Pranab Mukherjee announced the plans of issuing banking licenses by March 31.
The big corporate players including Reliance Capital, India Bulls, Religare, IFCI and Aditya Birla Financial Services are expected to apply for the banking licenses.
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