KOLKATA: Reserve Bank of India said it will answer the queries on new bank licensing
guidelines on June 3, leaving nearly a month for the aspirants to submit
applications.
The banking
regulator had issued guidelines for licensing of new private banks on February
22, 2013. It has told the interest parties to submit applications by July 1.
RBI had received
several queries regarding the guidelines from the interested entities. It said
it would post the clarifications on its website.
Private entities
or groups, entities in public sector and non-banking financial companies are eligible
to apply for banking licence.
Aditya Birla Group, Larsen & Toubro,
Mahindra & Mahindra and government-owned India Post and Life Insurance Corporation of India are among the
entities which are keen to apply for banking licence.
RBI said it had
received a large number of queries from the aspirants seeking clarifications on
the guidelines. ""The queries have since been examined and the
clarifications would be posted on the RBI website on June 03, 2013,""
it said.
