<h1>RBI Considers New Private Bank Licenses; Seeks Feedback to Finalize Guidelines After 2010 Discussion Paper Review.</h1> The Reserve Bank of India (RBI) is considering issuing additional banking licenses to private sector entities, as announced by the Union Finance Minister in the 2010-11 budget speech. Following a review of international practices and previous experiences with licensing private banks in 1993 and 2001, the RBI released a discussion paper on its website on August 11, 2010, seeking feedback from stakeholders and the public. Discussions were held in October 2010, and the RBI is currently reviewing the feedback to finalize the guidelines. This update was provided by the Minister of State for Finance in a Lok Sabha session.