Thursday, May 16, 2013

RBI not keen on Bank Licence Auction as it will deter Financial Inclusion

The Reserve Bank of India (RBI) Governor D. Subbarao has told the parliamentary committee examining the policy on new banking licenses is not in favour of auctioning bank licenses as it will deter the cause of financial inclusion. The RBI governor has also informed the committee that no limit has been set up for the number of bank licenses that will be issued.

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