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.
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.