Can we believe that RBI inadvertently missed a Banking license applicant?

In what appears to be a big joke, it is reported that RBI inadvertently missed announcing the name of the Chandigarh based “KC Land &Finance” as one of the applicants to Banking license which it announced with fanfare on July 1st 2013.

The group also kept quiet until recently RBI decided to announce that the number of applicants was not 26 but acutally 27 and it had missed the name of KC Land & Finance.

See report in BS:

Is this the RBI which we know of?…obviously not

Further, the licenses which were originally to be announced around March 2014 are now likley to be announced before the end of this year…probably before the election dates for the next Loksabha is announced.

…Reasons are obvious but regrettable.


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About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance
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