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R Gopalan: RBI to release new bank license norms this week
March, 28th 2011

On the Budget day, finance minister Pranab Mukherjee said that the Reserve Bank of India (RBI) has been considering to give additional banking licenses to private sector players.

According to the latest updates, the economic affairs secretary R Gopalan said that the bank is planning to release draft guidelines for new bank licenses this week.

Before presenting the final guidelines, the Reserve Bank will ask for comments from stakeholders on the same.

The RBI is likely to reveal infrastructure debt fund guidelines by June.

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