Banking-licence norms same for all applicants: Takru

Speaking exclusively to CNBC-TV18's Aakansha Sethi, financial-services secretary Rajiv Takru said the government and the Reserve Bank of India are on the same page as far as the new banking-licence norms are concerned. He also reiterated that the new guidelines would ensure that banking-licences would be issued to deserving applicants and boost the banking-sector.

Commenting on the minimum capital requirement of Rs 500 crore, he said, "I think it is a good starting point from the earlier limit of Rs 300 crore. We will have to see how it pan out."

By allowed public sector undertakings (PSUs) to seek banking licences, Takru emphasises the creation of a level-playing field between PSUs and private sector companies. "Nobody has an edge. The same guidelines will be applicable to all parties seeking a banking-licence."