Sunday December 1, 2013
As JM Financial awaits the Reserve Banks view on its bank licence plea, the market is abuzz with talks of billionaire Azim Premji buying an additional 5 per cent stake in the company, which has also roped in former Citibank chief Vikram Pandit as a k...
Wednesday November 27, 2013
RBI had said in September that Value Industries, a unit of diversified conglomerate Videocon Industries Ltd, had also withdrawn its application.
Saturday September 28, 2013
A Parliamentary panel opposed on Friday new bank licences to corporate houses and voiced concerns over the discretionary power vested with the Reserve Bank of India (RBI) for applying 'fit and proper' criteria for deciding on applications.
Thursday September 26, 2013
The proposed external committee will look into new bank licence applications once RBI completes the basic scrutiny, said Bimal Jalan who heads the High Level Advisory Committee (HLAC).
Wednesday September 25, 2013
Vishal Goyal, executive director at global investment bank UBS, told NDTV that there's more pain in store for bank shares.
Friday September 6, 2013
The name of K C Land & Finance Ltd, whose application was received but was inadvertently not included in the list of applicants for new bank licences in the private sector, has been added.
Tuesday August 27, 2013
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani said on Tuesday that the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three ...
Wednesday August 14, 2013
Entry of new players in Indias banking sector will improve efficiency in the system, Reserve Bank of India deputy governor K C Chakrabarty has said.
Sunday August 11, 2013
The Reserve Bank of India (RBI) will soon set up a high-level panel of eminent experts from the banking and financial sector to screen applications of 26 aspirants for new banking licences.
India | Press Trust of India | Monday August 5, 2013
The government is likely to earmark Rs 1,300 crore for the India Post to enable it to make foray into the banking space. "The expenditure finance commission will meet this month and finalise the fund to be provided to India Post for the proposed Post...
Sunday July 14, 2013
The largest pure-play gold mortgage player, Muthoot Finance, which has applied for banking licence, has said it can easily launch commercial lending business with as many as 2,000 branches.
Thursday July 4, 2013
The central bank's objective to address financial inclusion places heavy demands on profitability and capital, and is likely to lengthen the time it takes for a successful applicant to establish a presence.
Monday July 1, 2013
Shriram Capital is the holding company for all financial services entities of the group, including truck financier Shriram Transport, and is seen as a strong contender to win a licence.
Friday June 28, 2013
Kumar Mangalam Birla, chairman of the Aditya Birla group said on Friday that he is confident of getting new bank licence from the Reserve Bank of India (RBI).
Thursday June 27, 2013
The Department of Posts has a network of more than 150,000 post offices across the country, with close to 90 per cent of those located in rural areas.
Wednesday June 26, 2013
Anil Ambanis Reliance Capital to apply for banking licence
Tuesday June 25, 2013
Aditya Birla Nuvo said on Tuesday that it will apply to Reserve Bank of India (RBI) for seeking a bank licence.
Monday June 24, 2013
Meanwhile, another non-banking finance company (NBFC) Mahindra Finance, today said it will not apply for bank licence as RBI guidelines are disadvantageous for large NBFCs.
Friday June 21, 2013
The Reserve Bank said on Friday that applications for bank licences received after the last date of July 1 or incomplete applications will not be considered.
Tuesday June 18, 2013
Infrastructure financing company IDFC said on Tuesday that its board has approved a proposal to seek licence from the Reserve Bank of India (RBI) for setting up a bank.