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Tuesday 4 June 2013

RBI fail to clear air, won't issue Bank Licences to All...

RBI fail to clear air, won't issue Bank Licences to All.....Headlines The Economic Times 4th June 2013.

It is a better idea if RBI approves those applicants willing to open branches in areas where there are currently no services of any of the Established and Nationalised Banks. They should serve in these areas and be permitted to open 10% New branches in Grade IV regions after 5 years; further 10% in Grade III and so on. This will cause greater empowerment of the under privileged.

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