The Reserve Bank of India (RBI) has sought feedback from lenders on companies that have applied for a banking licence regarding their track record in servicing loans and end-use of funds.After RBI released final norms for new licences in February 26 companies ranging from business conglomerates to micro lenders had applied. New bank licences are being awarded after more than a decade.Before a high-level advisory committee, headed by former central bank governor Bimal Jalan, takes a final call, the applications are being screened by RBI to find out whether they comply with the ‘fit and proper’ criteria.

Source : http://www.business-standard.com/article/finance/rbi-seeks-lenders-feedback-on-banking-licence-seekers-113111901043_1.html

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