NDTV | Thursday October 1, 2015
IDFC had fixed October 5 as the record date for the scheme of demerger of IDFC Bank from IDFC. The Reserve Bank of India had granted banking licence to IDFC on July 23, 2015.
NDTV | Tuesday September 22, 2015
The Reserve Bank of India had granted banking licence to IDFC on 23 July 2015. IDFC Bank will kick-start its lending operations from 1 October 2015. The new bank plans to start operations with an initial loan book of around Rs.55,000 crore and with 20 branches.
Press Trust of India | Sunday September 20, 2015
SKS Microfinance not receiving a small finance bank licence will not weaken the company's competitive position as the micro lender enjoys a 300-400 bps funding cost benefit over smaller microfinance institutions (MFIs), according to a report by Credit Suisse.
Press Trust of India | Friday September 18, 2015
The microfinance business will now be dominated by small finance banks (SFBs) which will bring down systematic risk but at the cost of lower returns, India Ratings and Research has said.
Press Trust of India | Sunday August 23, 2015
Bandhan Bank on Sunday began operations as a full-fledged lender with 501 branches across the country, becoming the newest member of the estimated $2-trillion Indian banking industry.
NDTV | Thursday August 20, 2015
The company can issue debit cards and saving related products, as a payment bank, Mr Sharma said.
Press Trust of India | Wednesday August 19, 2015
Airtel's wholly owned subsidiary Airtel M Commerce Services Limited (AMSL) has been granted the approval for payments bank by the RBI.
Press Trust of India | Wednesday August 19, 2015
The Reserve Bank on Wednesday granted "in-principle" approval to 11 entities, including Department of Post, Reliance Industries, Aditya Birla Nuvo, Vodafone and Airtel, to set up payments banks and proposed such licences 'on tap' in future.
Thomson Reuters | Wednesday August 19, 2015
Payments banks will be able to take deposits and remittances but will not be allowed to lend.
Press Trust of India | Tuesday August 4, 2015
With the demerger of financial undertaking from IDFC Ltd, IDFC Bank will kick-start its lending operations from October 1, 2015.
Press Trust of India | Sunday July 26, 2015
The Reserve Bank of India (RBI) has asked the Income Tax Department to get a 'tax angle' verification done for four dozen corporate entities seeking licence to operate small finance and payment banks in the country.
Press Trust of India | Friday July 24, 2015
Infrastructure financing firm IDFC Ltd on Friday said the Reserve Bank of India (RBI) has granted banking licence to IDFC Bank for undertaking banking business in the country.
Press Trust of India | Tuesday July 14, 2015
Airtel M Commerce Services Ltd, a unit of Bharti Airtel -- the world's third-largest telecom company by number of subscribers -- is among 41 applicants, including the likes of Reliance Industries, Aditya Birla Group, Tech Mahindra, Vodafone and Videocon, who are seeking payment bank licences.
Press Trust of India | Thursday July 9, 2015
This will enable the network of 1,54,000 post offices (including 1,25,000 rural post offices) to offer banking services to the masses in the country, he said.
Press Trust of India | Saturday June 27, 2015
This will enable the network of 1,54,000 post offices (including 1,30,000 rural post offices) to offer banking services to the masses in the country.
Thomson Reuters | Wednesday June 17, 2015
Microfinance group Bandhan Financial Services has received regulatory approval to begin operating as a bank from the end of August, its chairman and managing director, Chandra Shekhar Ghosh, said on Wednesday.
Friday May 29, 2015
Rating agency Fitch on Friday affirmed its 'BBB-' rating with a 'stable' outlook on infrastructure lender IDFC - which is racing to convert itself into a commercial bank - despite the company facing severe asset quality issues.
Friday May 22, 2015
As many 74 companies/entities/individuals have applied for licences to set up small banks and payments banks.
Tuesday May 19, 2015
IT spends by domestic banking and securities companies may grow 15 per cent to Rs 53,600 crore this year and rise further on expectations of more companies using the Reserve Bank of India's 'on-tap' bank licensing, global technology consultancy Gartner said on Tuesday.
Monday May 11, 2015
Microfinance institution Bandhan has received a fresh equity infusion of Rs 1,020 crore with GIC Sovereign Fund of Singapore becoming a new shareholder.
Press Trust of India | Wednesday April 22, 2015
Mumbai-based Suvidhaa has a footprint of 80,000 touch points across the country offering neighbourhood convenience to over 28 million unique customers annually.
Press Trust of India | Wednesday February 11, 2015
Tech Mahindra on Wednesday said its sister company Mahindra Finance will become equal shareholder if the Reserve Bank clears its payment bank licence, and the company is also in talks with the World Bank Group member IFC for a partnership in the foray.
Wednesday February 4, 2015
Former finance chief of Infosys V Balakrishnan is among the 72 applicants seeking licences to run a new category of lenders called small finance banks, the Reserve Bank of India said on Wednesday.
Press Trust of India | Tuesday February 3, 2015
The partnership brings together the nation's largest banking network and pan-India telecom and retail setup.