RBI will not issue new banking license for 2-3 years: Sources

The Reserve Bank of India (RBI) has decided to not give any new banking licence to players for 2-3 years, sources told Zee Media.

The Board of Financial Supervision of the RBI has taken in-principle decision to not proceed further on new banking licence, sources further said.

Decision on new licence will be taken after taking into consideration the situation of existing new banks, sources added.