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Chakrabarty says only provisional list of new banks by Jan

Reserve Bank Deputy Governor  has said only a provisional list of new bank licencees will be announced by January and it will take at least two years for a player to become operational."Let me clarify, no new bank will come by January. A provisional list of applicants who are eligible to get a licence will be decided in January. New banks will take at least two years to come," he said here over the weekend. Governor  has been repeatedly assuring that some concrete action will be taken on issuing new bank licences before the end of the term of deputy governor Anand Sinha, who is in charge of banking department, in early February.After announcing a panel headed by former RBI Governor to look into the issue, Rajan on Friday followed up by announcing the remaining members of the committee.

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