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News Banking

  • Apr 22, 2014
  • Bank licence: Long wait for corporates likely

    The wait might get longer for corporate groups, keen on acquiring a bank licence. This follows the latest view that until the ongoing process of revamping the existing banking supervisory system is completed, it might not be wise to allow business groups to acquire bank licences.
    Besides, a new set of guidelines are likely to be framed for the next round of evaluation of applications for bank licences and these might reflect two primary concerns - one arising out of the different forms of banking services needed for greater financial inclusion and the other from the entry of corporate groups into banking.

    Source - http://www.business-standard.com