RBI seeks intelligence on bank licence applicants

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The information will be part of the analysis the RBI committee will make to decide if giving a bank license to a business group will create a moral hazard. (PTI) The information will be part of the analysis the RBI committee will make to decide if giving a bank license to a business group will create a moral hazard. (PTI)
SummarySeveral industrial groups including Aditya Birla Group, Reliance have made a pitch for bank licences.

information about each group from all government agencies is legally necessary for RBI to take a position on the eligibility of the applicants. The information will be part of the analysis the RBI committee will make to decide if giving a bank license to a business group will create a moral hazard.

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