RBI has placed its demand for the feedback of micro to macro lenders of different banks, that have applied for license. A source said that RBI would now take care of the feedback on the performance record of these applicant banks on loans and other financial background. As a recommendation of license take a time of a decade, so RBI has planned to clear up their doubts on the performance records of the applicant banks.
The way of dealing with the lenders, loan payment period, balance sheets as well as the daily interaction with the customers and lenders will be monitored under the license registration. Finance Minister also revealed, that the license will be provided to those banks, who have showcased their unique idea of work in their new branch.
Hereby the account records and good performance will give a direct eye from the part of the Ministry of Finance.