The draft guidelines for giving new banking licences would be announced by the Reserve Bank of India in the next few days,the finance ministry on Monday said. RBI has indicated that by the end of the month they will come out with draft guidelines, department of economic affairs secretary R Gopalan said. He said that comments would be invited after which the final guidelines were notified. In Budget 2011-12,finance minister Pranab Mukherjee had said that the RBI plans to issue guidelines for the grant of new banking licences before the close of this financial year. Last year it was announced that the RBI would consider giving traditional banking licences to private sector players after which a discussion paper was circulated by the central bank in August,2010,on giving out new banking licenses to business houses and non-banking finance companies.
