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."