New bank licence: Not-on-list applicants Reliance Capital, Aditya Birla Nuvo put up a brave face

Apr 03 2014, 11:42 IST
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The RBI has decided to give out only two new bank licences, to IDFC Ltd and Bandhan Financial Services. The RBI has decided to give out only two new bank licences, to IDFC Ltd and Bandhan Financial Services.
SummaryRBI has decided to give out bank licences only to IDFC Ltd and Bandhan Financial Services.

comes to licences for entities that are intimately trusted by the public, this may well be the most appropriate stance," the RBI said.

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