Corporates may get to float banks

 Although no final decision on this has been taken yet, sources said the government was discussing the issue with the Reserve Bank of India (RBI), and an announcement to this effect could be made in the Union Budget for 2004-05. An RBI spokesperson refused to comment on the development, citing confidentiality.

 While issuing the guidelines for new banks in January last year, the RBI had disallowed large industrial houses from promoting banks, though companies