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New Delhi, Feb. 04 -- India mulls to allow new private sector banks, including by industrial houses, and a roadmap for it could be announced in the annual budget to be presented soon. While the Concord C1 Chronograph CC-5 and final guidelines would be announced by RBI on who should be allowed to set up new banks and what should be the terms and conditions for them, a roadmap on the subject could be announced in the Budget speech on February 28 by Finance Minister Pranab Mukherjee, sources added.In his Budget speech last year, Mukherjee had said that there was a need for extending the geographic coverage of banks and improving access to banking services.

The Reserve Bank of India (RBI) is close to finalising the guidelines for entry of new banks in the private sector, based on its consultations with the government and various stakeholders, as Fake Rolex Submariner Date Watch rrx0904010 the feedback to its August 2010 discussion paper on the issue, sources in the know said.Among the various options, the RBI is considering grant replica 2TONE 18K GOLD/SS ROLEX SUBMARINER DATE WATCH BLACK SUB licence for small banks for initial few years, which could be upgraded to full-fledged banking licences after the central bank is satisfied with their performance and fulfillment of certain criteria, sources said.Mukherjee had said in his Budget speech in February 2010 that RBI was considering giving some additional banking licences to private sector players and NBFCs could also be

considered, if they meet the RBI's eligibility criteria. The discussion paper put out for feedback on August 11, 2010 and thereafter the central bank also held discussions with various stakeholders from the industry, banks, NBFCs and MFIs, consultants and other entities. RBI has said the new licences were required since vast segments of population, replica Jaeger-LeCoultre Reverso Squadra Hometime Black watches underprivileged, have still no access to banking services. Currently, India has 27 public sector banks, seven new private sector banks, 15 old private sector banks, 31 foreign banks, 86 regional rural banks, four local area banks, 1,721 urban cooperative banks, 31 state cooperative banks, and 371 district central co-operative banks.