Friday March 7, 2014
About 25 players in the fray for bank licences. Public sector units India Post and IFCI and private players such as Anil Ambani group and Aditya Birla group are among the applicants.
Friday March 7, 2014
Finance Minister P. Chidambaram and Reserve Bank of India chief Raghuram Rajan are addressing a press conference.
Wednesday March 5, 2014
The Reserve Bank is likely to issue a few bank licences notwithstanding the model code of conduct which came into force from today, Finance Minister P Chidambaram said.
Tuesday February 18, 2014
RBI constituted a high level advisory committee under the chairmanship of former RBI Governor Jalan for screening of 25 applications for new banks in the private sector.
Monday February 17, 2014
Notwithstanding a tepid response by banks to act as brokers for selling products of multiple insurers, the Insurance Regulatory and Development Authority (Irda) is hopeful that this model will pick up in due course even as it said it is renewing the ...
Tuesday February 25, 2014
Of the companies that had initially shown interest in entering the banking sector, Tata Sons, the holding company of the Tata group, withdrew its application in November 2013, leaving 25 players in the fray.
Sunday December 29, 2013
New banks will have to develop a fresh business model to succeed, including making profits in rural areas and tackling risks associated with technology and cash management, according to India Ratings.
Friday December 20, 2013
IDFC said in a BSE filing that the institution would endeavour to bring down the foreign shareholding to below 50 per cent in case it gets bank licence from the RBI.
Sunday December 15, 2013
Srei Infrastructure Finance, a listed company, is among 25 applicants seeking new banking licences.
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RBI had said in September that Value Industries, a unit of diversified conglomerate Videocon Industries Ltd, had also withdrawn its application.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.