The Reserve Bank of India (RBI) today said it would clarify the issues raised by banking aspirants regarding the final norms on new bank licences. The clarifications would be put up on the central bank’s website, rbi.org.in.
“RBI has been receiving queries from intending applicants, seeking clarifications on the guidelines on licensing new banks in the private sector,” the banking regulator said today. “Considering the clarifications sought would be of wider interest and use for all intending applicants, the Reserve Bank has decided to post the clarifications on its website. The identity of those who raise queries would be kept confidential,” it added.The central bank has asked prospective applicants to mail their queries by April 10.After issuing a discussion paper on new bank licences in August 2010 and the draft guidelines for these a year later, RBI had released the final norms last month.

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