MUMBAI, Feb 18 (Reuters) - India's central bank will issue
final guidelines on new bank licenses before the current fiscal
year ends in March, local television news channels reported,
quoting Deputy Governor Anand Sinha.
The guidelines would pave the way for corporate houses to
enter the banking sector. No new Indian bank has been formed
since Yes Bank in 2004.
The Reserve Bank of India (RBI) has completed talks with the
finance ministry on the new bank license guidelines, Sinha was
quoted as saying by local TV.
(Reporting by Shamik Paul; Editing by Susan Fenton)