MUMBAI May 8 The Reserve Bank of India is
likely to issue guidelines for issuance of "on-tap" bank
licences in 2014/15, RBI Deputy R. Gandhi said on Thursday, a
month after the central bank granted two preliminary licences to
set up new banks.
Alongside, the RBI is also expected to issue guidelines on
differentiated bank licences in the current financial year,
On-tap licensing means that the RBI window for granting
banking licences will be open through the year.
Last month, the RBI gave bank licences to IDFC Ltd
, and Bandhan Financial Services, opening the door for
allowing new banks for the first time since 2004.
(Reporting by Suvashree Dey Choudhury; Editing by Anand Basu)