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SKS to Vodafone: Microlenders, telcos may emerge as banks to serve poor

Feb 05, 2015

SKS to Vodafone: Microlenders, telcos may emerge as banks to serve poor

India is set to witness the biggest banking revolution ever happened. Good news for half of the countrys unbanked poor #RBI #rural banking #Bank Licence #Payment Banks #Small Finance banks
RBI list: Videocon, V Balakrishnan among 113 seeking small, payment bank licences

Feb 05, 2015

RBI list: Videocon, V Balakrishnan among 113 seeking small, payment bank licences

As many as 72 applications for small finance banks and 41 applications for payments banks were received by the RBI #RBI #Bank Licence #Payment Banks #Small Finance banks
Shake-up ahead: 113 apply for niche bank licences, says RBI governor

Feb 03, 2015

Shake-up ahead: 113 apply for niche bank licences, says RBI governor

Rajan said the RBI has formed two external committees to evaluate applications received #RBI #Raghuram Rajan #RIL #Future Group #Bank Licence #Small banks #Payment Banks #AV Birla group
Aditya Birla Nuvo forms JV with Idea Cellular to apply for payment bank licence

Feb 02, 2015

Aditya Birla Nuvo forms JV with Idea Cellular to apply for payment bank licence

Diversified firm Aditya Birla Nuvo Ltd (ABNL) today applied for the payments bank licence with the Reserve Bank of India. #Reserve Bank of India #NewsTracker #Idea Cellular #Aditya Birla Nuvo #payment bank licence
RBI extends deadline for niche banks' licensing applications

Jan 01, 2015

RBI extends deadline for niche banks' licensing applications

Responding to queries from individuals and organisations relating to SBFs, the RBI said promoter (individual) of large business or industrial house cannot act as promoter himself to form a small bank. #Economy #RBI #NewsTracker #Bank Licence #Payments Banks #Small Finance banks
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