The Reserve Bank of India released on its website today, the “Discussion Paper on Presence of Foreign Banks in India”. Views/comments of banks, non-banking financial institutions, all stakeholders and the public at large are invited on the discussion paper.

Suggestions and comments may please be sent by March 7, 2011 to the Chief General Manager, Reserve Bank of India, Department of Banking Operations and Development, Central Office, 13th floor, Central Office Building, Fort, Mumbai - 400001 or email.

After receiving feedback, comments and suggestions on the Discussion Paper, comprehensive guidelines on the mode of presence of Foreign Banks in India would be issued.

R. R. Sinha
Deputy General Manager

Press Release : 2010-2011/1050