New banking licences in India: the way forward

On 22 February 2013, the Reserve Bank of India (RBI) issued its guidelines for the licensing of new banks in the private sector. The guidelines had sought applications for new banking licences to be submitted to the RBI before 1 July 2013.

After the deadline of 1 July 2013 had passed, the RBI announced that a total of 26 applicants had expressed interest in the new banking licences. The applicants for these banking licences were from diverse backgrounds. Applicants ranged from non-banking financial companies (NBFCs), corporate houses, microfinance institutions and government entities.

The number of applicants has been fewer than the market had anticipated. The high barriers to entry and the regulatory requirements imposed by the guidelines may have discouraged a larger number of aspirants from seeking a banking licence…

If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.

Briefings from DLA Piper

View more briefings from DLA Piper

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

3 Noble Street
London
EC2V 7EE
UK
http://www.dlapiper.com

Turnover (£m): 1,539.00
No. of lawyers: 4,374(UK 200)
Jurisdiction: Global
No. of offices: Over 75
No. of qualified lawyers: 625 (International 50)

Jobs