RBI bank license given IDFC and Bandhan financial service

Finaly RBI given bank license to two companies.IDFC and Bandhan financial service company will get banking license.

Starting RBI originally received 27 application for bank license. After apply license Tata sons and  Videocon group withdraw his application.

Besides india post the other applicants include state run IFCI and private sector Anil ambani group and Aditya birla group,Muthoot Finance,religare finance and shriram capital.

With regard to the application of the  Department of posts, the RBI accepted the recommendation of the high level screening committee to take further action in consultation with the government. 

At present we have 27 Public sector bank and 22 private sector bank. The RBI has  issued bank license  after a gap of a decade. It last awarded licenses to kotak mahendra bank and Yes bank in 2013-2014.

And now only given two bank license in bandhan financial service and IDFC , Actually Bandhan financial service is micro financial service it is kolkatta based company, and IDFC is a mumbai based company.

For future government strong reference Department of post and LICHSG  application will be issued very shortly expected.
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