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Wednesday, February 26, 2014

Bimal Jalan panel on bank licences submits recommendations to RBI


MUMBAI: A committee headed by former Reserve Bank of India governor Bimal Jalan on new bank licences submitted a compilation of positive and negative aspects of granting licences to all 25 applicants without spelling out its preferences, said a person familiar with the matters. 

The ball is now in the court of RBI governor Raghuram Rajan who has to decide on the number of licences and the identity of the licence recipients. The board of the central bank may meet on March 7 and is likely .. 


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