RBI not keen on Bank Licence auction

The Reserve Bank of India is not in favour of auctioning bank licences as it will deter the cause of financial inclusion, governor D Subbarao told the parliamentary committee examining the policy on new banking licences, a government official privy to the developments told ET. "The RBI governor also informed the committee that no limit has been set up for the number of bank licences that will be issued," said the official. 

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