The Reserve Bank of India (RBI) on Friday said it would issue clarifications sought by interested entities on new banking licence norms next week.
“The queries have since been examined and the clarifications would be posted on the RBI website on June 3,” RBI said in a statement. The RBI had issued guidelines for licensing of new banks in the private sector on February 22, 2013. Following issue of the guidelines, RBI received several queries regarding the guidelines, it said. — PTI