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Coming next 24 months the Indian country will have a few New Banks
Many officials thanks to our Finance Minister Mr. Chidambaram Perseverance in getting the Banking Act
Amendments passed to meet the Demand of the Reserve Bank of India.
The Licenses to be issued in the immediate future would be only three or four
Many companies like
· Birla group BIRLA BANK
· Reliance group RELIANCE BANK
· Mahindra group MAHINDRA BANK
· Shree ram group SREERAM BANK
· L and T finance holdings L AND T BANK
· TATA BANK
HIGH COMPITION :
Too many apply for Banking Licenses the final guidelines of RBI its take over a year for issuance of new Banking Licenses
In the past six years RBI has not issued any new Banking Licenses
The reasons are clear going by the past experience in 1994 RBI issued Licenses
To 9 applicants post 2001 RBI gave Licenses to four applicants
Including Kotak Mahindra and Yes Bank of all applicants given Licenses since 1994
Only seven survive today.
There would be many applicants but few slots to offer.