Banking licence draft guidelines in next 15-20 days

The Reserve Bank will bring out a second draft of the proposed guidelines for issuance of new banking licences in the next 15 to 20 days, the Finance Ministry said today. “Second draft guidelines for new bank licences in next 15 to 20 days,” Financial Services Secretary Shashikant Sharma told reporters here.

The Finance Ministry will have a look at the draft guidelines and comments will be invited before the final guidelines are notified.

In the Budget 2011-12, Finance Minister Pranab Mukherjee had said the RBI plans to issue guidelines for the grant of new banking licences before the close of the last financial year, by March 31, 2011.

In the last Budget, it was announced that the Reserve Bank of India would consider giving traditional banking licences to private sector players, he had said.

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