Business Standard

Monday, December 23, 2024 | 11:14 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

A primer on classification of banks in India

Click on graphic

Business Standard
Click on graphic
The Reserve Bank of India (RBI) not only granted two in-principle banking licences out of a list of 25 applicants in April, a process undertaken after more than a decade, but also opened a window of opportunity for banking aspirants. Apart from offering licences on tap, the regulator will also offer differentiated licence for niche activities. As a result, payment banks, local area banks in the country will come into existence with universal banks that are present now.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 10 2014 | 12:35 AM IST

Explore News