The Reserve Bank of India does not have any target in mind on the number of banking licences to be issued in this round, a senior official of the central bank has said.
“As of now, we have received 26 applications. Financial inclusion has to be a pre-condition for such banks to come. How many banks will come, that depends upon their complete plan and analysis of their proposals,” RBI Executive Director R.Gandhi said at an event here today.
“We will have to wait for few months before we decide how many banks will be given licence. There is no target number,” he added.
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