Mon, Nov 23, 2020
RBI is the final deciding authority. A corporate house like Larsen & Toubro was not given a banking license by RBI. While Uday Kotak has been allowed to hold a 26% stake in Kotak Mahindra Bank, the promoter Hindujas’ plea for raising its stake in IndusInd Bank (applied in March 2020) has yet to be decided by RBI.
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Tue, Jun 04, 2019
The Reserve Bank of India (RBI) has decided to not give any new banking licence to players for 2-3 years, sources told Zee Media. The Board of Financial Supervision of the RBI has taken in-principle decision to not proceed further on new banking licence, sources further said. Decision on new licence will be taken after taking into consideration the situation of existing new banks, sources added.
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