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IDFC receives RBI approval for starting banking operation; plans to function from Oct 1

Jul 24, 2015

IDFC receives RBI approval for starting banking operation; plans to function from Oct 1

IDFC and Bandhan Financial Services Pvt Ltd emerged successful out of 25 contenders for new bank licences #RBI #IDFC #banking licence #Bandhan
Vikram Akula makes a comeback with financial start-up Vaya; plans  small bank foray

Dec 11, 2014

Vikram Akula makes a comeback with financial start-up Vaya; plans small bank foray

Having forced to quit SKS Microfinance, which he founded, three years ago, Vikram Akula has returned to the financial inclusion space by buying 26 percent stake in a start-up Vaya Finserv, which is also eyeing small bank licence.
#SKS Microfinance #Vikram Akula #banking licence #Vaya #financial start up
Small, payment bank licences to be up for grabs this month: Who all will make the cut

Nov 14, 2014

Small, payment bank licences to be up for grabs this month: Who all will make the cut

These banks are expected to bring in a large chunk of the public, especially in rural areas and other places with low penetration, into the formal banking system #RBI #Raghuram Rajan #banking licence #Nabard #telcos #IndiaPost #Small banks #Payments Bank #financial inlcusion
RBI to issue guidelines on licences for differentiated banking this year

Jul 04, 2014

RBI to issue guidelines on licences for differentiated banking this year

The Reserve Bank of India (RBI) will issue the guidelines that will be used to grant on-tap and differentiated banking licences later this year, deputy governor R. Gandhi told reporters on the sidelines of an event on Friday. #India #RBI #Reserve Bank of India #Monsoon #banking licence
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
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
 RBI favours easing regulatory hazards for bank licensing

Nov 21, 2013

RBI favours easing regulatory hazards for bank licensing

Tata Group and firms controlled by billionaires Anil Ambani and Kumar Mangalam Birla are among those which applied for bank licences. #Economy #RBI #Anil Ambani #Yes Bank #PolicyWatch #banking licence #Kotak Mahindra Bank