https://www.taxtmi.com/news?id=13002 Licensing of new private sector banks was conducted via a High Level Advisory Committee applying the RBI Guidelines, whose recommendations led to in-principle approval for two applicants and a recommendation that the Department of Posts' application be considered separately with Government consultation. Regulatory policy on foreign banks' mode of presence moved toward a subsidiary model, justified on financial stability grounds and informed by stakeholder feedback and a prior Discussion Paper. en-us Fri, 11 Jul 2014 17:54:49 +0530 Fri, 11 Jul 2014 17:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13002 Licensing of new private sector banks was conducted via a High Level Advisory Committee applying the RBI Guidelines, whose recommendations led to in-principle approval for two applicants and a recommendation that the Department of Posts' application be considered separately with Government consultation. Regulatory policy on foreign banks' mode of presence moved toward a subsidiary model, justified on financial stability grounds and informed by stakeholder feedback and a prior Discussion Paper. News - Fri, 11 Jul 2014 17:54:49 +0530 https://www.taxtmi.com/news?id=13002