RBI board committee to decide on bank licences, says Rajan

The Reserve Bank of India governor Raghuram Rajan said on Wednesday a final call on issuing new bank licenses would only be given after a decision is reached by the central bank board committee, without providing a specific timeline.

Rajan, in an interview with a TV news channel, also called issuing new bank licenses a "regulatory" process that should not come to an end because of a change in government.

On Tuesday, the election commission allowed the RBI to announce new bank licences even before the general elections conclude next month.


  • The govt should build on the feel good season to bolster its economic agenda

    There are two pieces of good news to ring in the festive season beginning this Dusshera.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Sachin Shridhar

Reordering the world order on cheap money

When you produce something, just about anything, capital is ...

Rajgopal Nidamboor

Of archetypes, not stereotypes

It is not that devising technologies, or progress, is a ...

Dharmendra Khandal

Use technology wisely to save earth's treasures

Wildlife biologists are certainly getting inspired by our armed forces’ ...


William D. Green

Chairman & CEO, Accenture