Page-3 of Non-Banking Financial Companies Current Affairs, GK & News

Review of Guidelines on Licensing of New Banks in Private Sector

In 1993, Reserve Bank of India came up with its new guidelines regarding entry of the private sector in Banking. On the basis of these guidelines, RBI issued licenses to Nine banks. Later, two more banks were given license. One was Yes Bank and another was Kotak Mahindra Bank, which was allowed to transform itself ..

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