RBI releases final guidelines for new bank licences

The Reserve Bank of India (RBI) released final guidelines for issuing new bank licences on Friday, paving the way for corporate houses to enter the banking sector.

The RBI said it will allow applications for new bank licences until July 1, 2013, and in its statement did not exclude companies from any specific industry from applying for a new bank licence. In draft rules issued in 2011, the RBI had excluded companies in the property and brokerage industries from applying for new bank licences.

No new Indian bank has been formed since Yes Bank in 2004.


  • Monetary policy review needs to look beyond key policy rate

    After changes in the interest rate cycle direction, expectation of some action on rates is high before every monetary policy review of the Reserve Ban


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


Arun Kumar Jain

India in a new age work order

There are three broad categories of people in the world ...

Rajgopal Nidamboor

The balancing act of nature

It’s a fact of modern life that you and I ...

Dharmendra Khandal

For a lark, let's do something serious finally

It’s a sight to behold. As you drive through a ...


William D. Green

Chairman & CEO, Accenture