New Delhi, Apr 1 (PTI) Ending weeks of uncertainty, the Election Commission today allowed the Reserve Bank to issue licences for setting up new banks.
"The Commission is of the view that the Reserve Bank of India (RBI) may take necessary action (for grant of in-principle approval for banking licences) as deemed appropriate," the poll watchdog wrote to RBI Governor Raghuram Rajan today.
"The Commission is of the view that the Reserve Bank of India (RBI) may take necessary action (for grant of in-principle approval for banking licences) as deemed appropriate," the poll watchdog wrote to RBI Governor Raghuram Rajan today.
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