Shares of banking aspirants will hog the limelight this week, as the RBI board meet on Friday is likely to discuss on bank licences. Expectations on the Street are that a few licenses will be given in March itself. Among the 25 applicants, India Post and IDFC are strong favourites. Other applicants include LIC Housing Finance, and Reliance Capital. RBI had constituted the Jalan committee to examine the criteria, business plans and corporate governance practices of the applicants.
Licence booster for banking aspirants
March 5, 2014: