Thirteen changes in new bank licensing norms

In the past two decades, the Reserve Bank of India (RBI) has allowed formation of 12 new banks. The guidelines on entry of new banks that were issued in January 1993 and were revised in 2001. On Friday, RBI released a new set of norms to allow creation of more banks. Here is a brief comparison of the guidelines issued in 1993, 2001 and 2013 (Click on graphic)