RBI may issue new bank licence norms by month end

After the passage of the Banking Amendment Bill the RBI is working on the bank licence guidelines which are expected by the end of the month, reports Aakansha Sethi of CNBC-TV18.

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The RBI is keen that the new banking norms should be issued before the retirement of deputy governor Anand Sharma who is in-charge of the banking portfolio. The RBI has sort a one-year extension for Sharma. 

Sources in the finance ministry say that they are discussing the guidelines with the RBI. The discussions are on and they will send their comments shortly. One can expect comments from the finance ministry in next one week.  

The finance ministry feels that there should be three levels of banks, namely regional banks, national banks and local banks instead of having one minimum capital requirements for banks at Rs 500 crore. The minimum capital requirement should vary according to the size of the bank. There are other areas also where the finance ministry has expressed his concerns and hence the final structure should be ready by the end of the month.