Rbi accepts 26 requisitions for new bank licences


26 entities apply, 11 on deadline day, including Tata Sons, Aditya
The Reserve Bank of India (Rbi) said on Monday it had accepted 26 requisitions for new bank licences, with Tata Sons Ltd, the holding association for India's biggest aggregate, around those looking for the right to set up the first new Indian banks since 2004. 

Different petitioners incorporate Reliance Capital(rlcp.ns), regulated via billionaire Anil Ambani, and Aditya Birla Nuvo(abrl.ns), part of the differentiated Birla aggregate. 

In February, the Rbi issued guidelines to permit corporate houses to set up banks, part of an endeavor to extend access to monetary administrations in a nation where just about half the populace has a financial balance. 

Licence champs are relied upon to be declared by the first quarter of 2014. 

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