The Reserve Bank of India today issued the final guidelines for new bank licenses, which allows private and public sector entities to apply for a license. Experts, Bharat Doshi, executive director and Group CFO of M&M; Shinjini Kumar, director of PwC India; Sunil Godhwani, CMD of Religare Enterprises; Naresh Makhijani, partner at KPMG in India, and Ajay Srinivasan, CEO - financial services at Aditya Birla Group, discuss what this really means for the banking sector.