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Friday, 4 July 2014

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RBI to issue guidelines for bank licenses this year

MUMBAI: Reserve Bank of India will issue the guidelines that will be used to grant on-tap and differentiated banking licenses later this year, deputy governor R. Gandhi told reporters on the sidelines of an event on Friday. 

Gandhi also said the assessment of the monsoon rains on the economy would not be carried out until later. 

The Indian monsoon strengthened at the start of the key planting month after recording the weakest first month of the June-September rainy season in fiv .. 

source :- Economic Times

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