- Raghuram Rajan sweet talk leads to rally in Asian credit marketsMeet 'The Guv' Raghuram Rajan: India's new RBI chief gets rock star welcomeRaghuram Rajan-effect: Indian rupee jumps 106 paise against US dollarRaghuram Rajan powers BSE Sensex, ICICI Bank shares up 9%, but TCS, Infosys tank
Shares of companies that have applied for banking licence were in demand today, rising up to 7.6 per cent, after the Reserve Bank said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
Raghuram Rajan, who yesterday took charge as the 23rd Governor of the central bank, said an external committee headed by former RBI Governor Bimal Jalan would be constituted to screen the 26 applications for bank licences.
"I hope to announce the licences within, or soon after, the term of Deputy Governor Anand Sinha who has been shepherding the process. His term expires January 2014," the RBI Governor said at his maiden press briefing soon after taking charge.