Home / Business / Money / RBI issues ‘on tap’ bank licence norms, bars conglomerates

RBI issues ‘on tap’ bank licence norms, bars conglomerates

RBI issues ‘on tap’ bank licence norms, bars conglomerates – Moneycontrol.com
The Reserve Bank Monday released guidelines for ‘On Tap’ licensing of private sector universal banks. The guidelines state individuals with 10 years senior-level experience are eligible to promote a bank but large industry houses have been excluded as eligible entities, although they can invest up to 10 percent.

.

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...