On February 04, 2015 21:20 (IST)
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.
On July 04, 2014 11:31 (IST)
Gandhi also said the assessment of the monsoon rains on the economy would not be carried out until later.
On June 15, 2014 15:02 (IST)
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.
On May 29, 2014 19:01 (IST)
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.
On May 25, 2014 14:46 (IST)
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.
On April 06, 2014 14:44 (IST)
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.
On April 03, 2014 16:53 (IST)
Speaking to NDTV Profit, Rajiv Lall, executive chairman of IDFC, informed that the new bank could be named IDFC Bank and it has the opportunity to recreate the banking paradigm in a differentiated way.
On April 02, 2014 21:55 (IST)
The Reserve Bank of India (RBI) on Wednesday said it has given in-principle approval to IDFC Ltd and Bandhan Financial Services to set up new banks in a country where about half of the households do not have access to formal banking services.
On April 02, 2014 18:51 (IST)
This would be the first time in a decade that new banking licences are handed out, since the formation of Yes Bank in 2004.
On April 02, 2014 17:41 (IST)
The BSE Sensex touched a new high for the eighth straight session on Wednesday and non-bank financial companies such as IDFC L surged after the election commission allowed the Reserve Bank of India (RBI) to announce new bank licences.
On April 02, 2014 09:48 (IST)
Earlier on Tuesday RBI Governor Raghuram Rajan said, "Once the Election Commission clears, we will be in a position to announce banking licences fairly quickly."
On March 28, 2014 00:03 (IST)
Reserve Bank of India (RBI) Governor Raghuram Rajan on Thursday said the apex bank sought the Election Commission's nod over the issue of grant of new bank licences as a matter of caution.
On March 20, 2014 13:37 (IST)
Amid newspaper reports that the Election Commission may put a spanner on the Reserve Bank plan to issue the first few new bank licences by the month-end, senior-most deputy governor KC Chakrabarty on Thursday said the central bank is yet to hear from the poll panel in this regard.
On March 07, 2014 14:35 (IST)
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.
On March 05, 2014 18:19 (IST)
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.
On February 25, 2014 16:24 (IST)
Non-banking financial companies (NBFCs), which already own an existing network of financial services in the country, are likely to get priority, the central bank has indicated.
On February 18, 2014 14:57 (IST)
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.
On February 25, 2014 17:04 (IST)
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.
On January 20, 2014 23:49 (IST)
Reserve Bank of India (RBI) Deputy Governor Anand Sinha, who was looking after the new bank licence process has retired, even as procedure of granting licences to the private sector is yet to be completed.
On December 29, 2013 15:59 (IST)
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.