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.
Press Trust of India | Tuesday February 3, 2015
"Kotak's banking expertise coupled with Airtel's strength in telecom will help deliver financial services to millions of unbanked citizens across the country."
Saturday December 27, 2014
Manappuram Group is contemplating applying for banking licence through its micro-finance arm.
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.
Wednesday August 27, 2014
The postal department has taken the first step towards this and 25,000 of its outlets are expected to be connected on the core banking platform by FY16.
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.
Tuesday July 8, 2014
The company, which received a commercial banking licence in April, plans to start bank operations by October next year.