S Naren, CIO Equity, ICICI Prudential Mutual Fund in an interview to CNBC-TV18 gave his views on RBI's draft guidelines for licensing of new banks in the private sector. He said, "The initial reaction seems to be positive but, with this kind of criterion you have wide number of potential candidates."
Also Read: RBI releases draft rules for bank licences for corporates Below is edited transcript of Naren's interview with Udayan Mukherjee and Sonia Shenoy of CNBC-TV18. Also watch the accompanying video. Q: What are you initial reactions on RBI's Draft Guidelines for licensing of new banks in the private sector? A: The initial reaction seems to be positive but, with this kind of criterion you have wide number of potential candidates. Are they planning to give 20 or five licenses is also important. This is because earlier people with industrial house background did not get banking license and that doesnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
