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Despite the Code of Conduct RBI will issue new bank licenses : Chidambaram

955 Viewed Alka Anand Singh Comments Off on Despite the Code of Conduct RBI will issue new bank licenses : Chidambaram

New delhi – It will not impact on the electoral code of conduct applicable to issue new banks licenses . The decisions have already been announced , they will also ineffective . Finance Minister P Chidambaram on Wednesday said these things somewhere . He also said that the government of the financial year current account deficit ( CAD) Gold imports only after the data to eliminate the restrictions would think about . He said , ” Give the first CAD data . ” This means that after the formation of the new government will have to decide . The final CAD data comes / came only after 3 months of financial year ends . Most of the data came in the December quarter . CAD declined 0.9 per cents of GDP in the quarter was reduced . CAD in the first 9 months of this financial year , GDP was 2.3 per cent . He also pointed out that the bank will issue the license soon . At a press conference on New Delhi , Chidambaram said , “I RBI has indicated that it intends to issue a license . However , the governor of the Reserve Bank about me faces / faced to face does not matter . We do not interfere in the process , the RBI’s decision. ” Chidambaram said when asked about the bank licenses / licensed , ” Code of Conduct do with the bank licensing process – nothing . Regyuletrs government and its normal working . “

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