*Research Scholar, Department of Commerce, Delhi School of Economics, University of Delhi, New Delhi, India
**Assistant Professor, Department of Commerce, Delhi College of Arts & Commerce, University of Delhi, New Delhi, India
Online published on 11 April, 2014.
Since liberalization in India, the Reserve Bank of India (RBI) licensed twelve banks in the private sector. This happened in two phases. Ten banks were licensed on the basis of guidelines issued in January 1993. The guidelines were revised in January 2001 based on the experience gained from the functioning of these banks, and fresh applications were invited and two more licenses were issued to Kotak Mahindra Bank and Yes Bank. India has 27 public sector banks, 22 private sector banks and 56 regional rural banks currently.
New bank licensing guidelines, fit and proper criteria, Eligible promoters, capital adequacy
