The Reserve Bank of India (RBI) on Thursday released draft guidelines for issuing on-tap universal bank licences but excluded large industrial houses from entering the sector. The proposed licensing policy is a change from the current stop-start policy where RBI opens the window for bank licences periodically but rarely.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
