MUMBAI: Ruling out relaxation in norms for granting new bank licences, the Reserve Bank today said that though it has started the scrutiny of applications, the exercise will take some time.
"We have started the scrutiny of applications. It is quite an extensive work because now, we are looking at corporate groups. The workload is quite heavy in that sense," deputy governor AnandSinha, in charge of banking supervision, told reporters here on the sidelines of a Ficci event.
Sinha also said that RBI will be setting up an external scrutiny panel after the internal scrutiny is over.
Source : TOI dtd 05/08/2013
[ http://timesofindia.indiatimes.com/business/india-business/New-banks-licences-to-take-some-more-time-RBI/articleshow/21627475.cms ]
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