RBI Would Like To Seek Permission From Election Commission To Issue Banking Licenses
- RBI Governor Raghuram Rajan said that they would seek permission from Election Commission regarding issuance of new banking licences as Model Code of Conduct is in force.
- RBI intends to issue new banking licenses to private players before the General Assembly elections.
- It should be noted that Government had appointed Bimal Jalan committee to recommend measures on issuing new banking licenses to private players.
- Bimal Jalan Committee
- New Banking Licences
- Private Banks
- Nationalised Banks