The Reserve Bank of India (RBI) today said it may come out with guidelines on new banking licences in about three months.
“It (framework on new banking licences) may take three months. It all depends on what are the situations and complexities of issues,” RBI Deputy Governor K C Chakrabarty said on the sidelines of an event organised by SKOCH.
Last month, Finance Minister Pranab Mukherjee in his Budget speech had announced that RBI could allow more private sector companies to enter into the commercial banking space.
The central bank is considering giving some more banking licences to private sector players, Mukherjee had said.