Reserve Bank of India Governor Duvvuri Subbarao said that not all eligible companies that have applied for banking licences will be granted one. Earlier this week, RBI said it had received 26 applications for new banking licences.

Subbarao also said an increase in non-performing assets at lenders was a matter of concern, but added that banks were well capitalised. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.