You have a Rolls-Royce, a Bentley and a BMW in your garage. But feel only a banking licence will help you drive into El Dorado.
The Reserve Bank of India’s (RBI’s) on-tap universal banking licence policy announced four years ago raised the hopes of many who entertained such thoughts; none were issued. It’s time to dream again: Mint Road is set to come out with “on-tap” licensing norms, albeit for small finance banks (SFBs) by end-August this year. H P Singh, chairman and managing director of the Gurugram-based micro-finance institution (MFI), Satin ...
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