"What the code of conduct has got to do with this (bank licence process). The government and regulators are discharging their normal duties... They (RBI) wish to issue a few licences," he said after a meeting of PSU bank chief here. "So that's the indication we have got. We are not interfering with that process, that is the RBI's decision," he added.
Guidelines for setting up new private banks were issued in February 2013 and the last day for applications was July 1, said the media report.
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