The Deputy Governor of Reserve Bank of India (RBI) K C Chakrabarty has declared that new bank licensees will be operational in no less than two years after they’re being proclaimed by. He also stated that there were no new banks coming in to light until January.
Raghuram Rajan RBI's Governor has been more than once guaranteeing that some solid movement will be taken to issue new bank licenses soon after the close of the term of Anand Sinha, the Deputy Governor, who is accountable for managing the banking sector, in February. The board incorporates Usha Thorat previous RBI Deputy Governor, C B Bhave, the previous Sebi head and Nachiket Mor a previous official chief at ICICI Bank.
Twenty-six substances, incorporating the Tata's, Religare, Reliance Capital headed by Anil Ambani and Aditya Birla Group separated from India Post, connected. Videocon Group, later on withdrew its requisition.