Description of the Reserve Bank in private banking license will announce soon

Private Banking licensing terms determined by Reserve Bank will be re-issued soon, Finance Department Minister announced. Last February, 22, the new banking license rules for private companies was released.RBI has numerous letters, Telephone, email and in many respects from companies, individuals regarding the proposed regulations. Considering this Reserve Bank has decided to organize them and to come to final decision. Similarly, descriptions of all the letters will soon be posted on the Web site,RBI. 

In the banking sector, in order to increase competition with public sector organizations the Central Government has granted permission for private sector companies, to start a new bank, . However, to obtain a license for a new bank norms were released on feb22. However, the rules are unclear for a company to start a new bank so none applied yet.