Sunday November 2, 2014
As it readies to convert itself into a full-fledged bank, IDFC has said it will be hiring around 1,500 professionals in the run-up to the launch.
Tuesday September 30, 2014
Infrastructure financing company IDFC Ltd has further pared its foreign investment limit to 48 per cent to meet requirements for the banking operations after having granted a licence by the Reserve Bank of India (RBI) earlier this year.
Tuesday September 16, 2014
Final guidelines for on tap universal banking licences will be issued in the current fiscal, Reserve Bank Deputy Governor R Gandhi said on Tuesday.
Thursday September 4, 2014
Chennai-based Shriram Group, which failed to secure a banking licence in the recent round of licencing, has not given up the hope and is now looking at applying for a small bank licence.
Thursday July 31, 2014
Infrastructure finance company IDFC, which recently received an in-principle banking licence from the Reserve Bank of India, on Wednesday said that its current chairman Rajiv Lall will be heading the lender as managing director.
Wednesday July 23, 2014
The Reserve Bank of India (RBI) said on Wednesday that it cancelled the non-banking finance registration certificate of Deutsche Securities India, the primary dealership unit of Deutsche Bank.
Monday July 21, 2014
The Telecom Regulatory Authority of India (TRAI) on Monday asked the Department of Telecom (DoT) not to make any changes in entry fee and bank guarantee of companies involved in managing MNP (mobile number portability) service.
Tuesday July 8, 2014
The company, which received a commercial banking licence in April, plans to start bank operations by October next year.
Friday July 4, 2014
Gandhi also said the assessment of the monsoon rains on the economy would not be carried out until later.
Sunday June 15, 2014
Earlier this month, IDFC decided to come out with a follow-on public offer so as to bring down foreign shareholding in the company below 50 per cent.
Friday May 30, 2014
Hailed as a troubleshooting "James Bond" of central bankers amid India's currency crisis last year, Raghuram Rajan was given a licence to kill inflation with higher interest rates and drive a programme of monetary policy reforms.
Thursday May 29, 2014
Banking Secretary G.S. Sandhu said that the Reserve Bank of India is preparing draft guidelines for new bank licences and the new norms will be released in next four months.
Sunday May 25, 2014
India Post will have to apply afresh to the Reserve Bank under differential licence guidelines if it plans to start banking operations, according to sources.
Thursday May 8, 2014
An entity's failed attempt at getting a bank licence will not have any bearing on its move to pick up a large shareholding in an existing bank, Reserve Bank of India Deputy Governor R Gandhi said on Thursday.
Thursday May 8, 2014
Reserve Bank of India (RBI) Deputy Governor R. Gandhi on Thursday said the apex bank is likely to issue guidelines for issuing "on-tap" bank licences in 2014-15.
Wednesday May 7, 2014
The founder of Bandhan Financial Services -- Bandhan means "bonding" -- must transform his microfinance company into a bank in just 18 months to serve India's millions of "unbanked poor" under the licence terms.
India | Agence-France Presse | Wednesday May 7, 2014
Chandra Shekhar Ghosh is a man in a hurry since he beat India's financial titans to win a prized banking licence for his microfinance firm that lends to poor borrowers.
Sunday April 6, 2014
Bandhan Financial Services, the first micro finance institution in the country to win a bank licence, is not looking for any tie-up as of now, saying that it has adequate capital to start banking operation.
Friday April 4, 2014
Infrastructure finance company IDFC, which has bagged a commercial banking licence, plans to go slow on growing its balance-sheet for the first three years of operations and focus just on compliance and stabilisation.
Thursday April 3, 2014
Highlighting execution challenges that IDFC faces in turning into a universal bank, India Ratings on Thursday said key profitability metrics of the infra financier will drop sharply in near to medium term.