Many a private corporate houses are waiting for the declaration of the final guidelines from the Reserve Bank of India on the issuing of the banking licences, much concerned about it the Finance Ministry has shared its views with the RBI on the matter.
The Ministry has suggested setting the promoters contribution to be at least 40% which cab be brought down after tenure of 7 years but the RBI proposed the tenure to be of 5 years. It is expected that the final guidelines for the issuance of banking licences will soon be made available for public comments by RBI.
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