The month of March is always a bubble of activity for bankers with the fiscal coming to a close. This year, apart from the usual lot of activity, the month has also seen some extra activities gearing up in the banking sector.

Swiss Bank, Credit Suisse received a banking license from the RBI this month. Citigroup has formally announced the appointment of Pramit Jhaveri as Citi country officer to lead its business in the country.

ANZ bank also bagged away former Citibank India chief Mark Robinson as chief executive officer for South and South East Asia. And all this happened in March.

ANZ bank received a license to bank in India once again on 3rd March. The bank had to rub its boots for a ten long years to get a re-entry into the country after it left following involvement in the famous Harshad Mehta Scam. The bank hopes to set p a branch in Mumbai in the upcoming 12 months.

Credit Suisse is also eyeing Mumbai as the hub for its first Indian branch. It said in a statement that the banking license would act complementarily with the non banking financial company that the bank operates in the country by the name Credit Suisse Finance (India).

With RBI granting two new banking licenses in one month, it is evident that the country is again opening up for foreign banking operations. UBS, First Rand Bank, Commonwealth Bank of Australia and ANZ are all names suggesting the move by RBI. Singapore's UOB also received a bank license along with DBS getting license to open eight new branches in India from RBI.