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Full list: These 23 companies are still waiting for a bank licence

Apr 03, 2014

Full list: These 23 companies are still waiting for a bank licence

The Reserve Bank of India (RBI) said on Monday it had received 26 applications for new bank licences, with Tata Sons Ltd, the holding company for India's largest conglomerate, among those seeking to set up the first new Indian banks since 2004. In February, the RBI released guidelines to allow corporate houses to form banks, part of an effort to expand access to financial services in a country where only about half the population has a bank account. Licence winners are expected to be announced by the first quarter of 2014. #RBI #Reliance Capital #ListsEtc #banking licence #Aditya Birla #Bajaj Finance
Bandhan A microfinance group that beat corporates to a bank license

Apr 03, 2014

Bandhan A microfinance group that beat corporates to a bank license

Bandhan Financial Services, the first microfinance institution in the country to win a bank licence. #RBI #Microfinance #WhoIsThis #Banking Licences #Bandhan
Airbus to boost its finance options by purchasing German lender

Feb 15, 2014

Airbus to boost its finance options by purchasing German lender

Airbus Group pressed ahead with post-Lehman plans to acquire its own banking licence on Friday, saying it would buy small German lender Salzburg Muenchen Bank AG to boost its financing options. #Airbus #liquidity #banking licence #ECB #german #Salzburg Muenchen
Decoder: Why running a bank did not make sense for Tata Sons

Nov 28, 2013

Decoder: Why running a bank did not make sense for Tata Sons

The reason for the Tatas withdrawing the application for a banking license can be best explained through a line that Walter Bagehot, the great editor of The Economist wrote in his 1873 classic Lombard Street: A Description of the Money Market. As Bagehot wrote "the main source of profitableness of established banking is the smallness of requisite capital." #RBI #Tata Group #bank #Tata Sons #banking licence
Tata Sons out of banking race, will other big groups follow?

Nov 28, 2013

Tata Sons out of banking race, will other big groups follow?

The withdrawal implies that RBI's conditions were restrictive and complying with them would have affected the conglomerate's other businesses. #RBI #Banking #Tata Sons #Raghuram Rajan #banking licence

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Banking licences: Were Tatas hoping to change the rules mid way?

Nov 28, 2013

Banking licences: Were Tatas hoping to change the rules mid way?

Many corporate were hoping for relaxation of RBI rules for a couple of years, and when they realized RBI is not going to relax any norms, some of them are now backing out #RBI #Tata Sons #Tata #Banking Licences