NEW
DELHI: India will hand out licences for setting up new banks in a few
weeks after a go-ahead from the Election Commission, Reserve Bank
Governor Raghuram Rajan said on Friday.
"Yes,
we will ask EC to make sure, because it's an important issue. The
process has taken place last year. In that sense, it's nothing new. But
certainly we would want them (EC) to be okay," Rajan said at a press
conference, which he addressed jointly with Finance Minister P
Chidambaram, after a meeting of the central bank's board in New Delhi.
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