Not all applicants to get bank licences: RBI Governor
Reserve Bank of India Governor Duvvuri Subbarao said that not all eligible companies that have applied for banking licences will be granted one. Earlier this week, RBI said it had received 26 applications for new banking licences.
Subbarao also said an increase in non-performing assets at lenders was a matter of concern, but added that banks were well capitalised. Read More