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Payments banks: Not corporate biggies but India Post will emerge the dark horse in race for market

Aug 20, 2015

Payments banks: Not corporate biggies but India Post will emerge the dark horse in race for market

Since payments banks do not require huge amount of capital, India Post will not have to struggle much to seek the capital assistance from the finance ministry #HowThisWorks #Bharti Airtel #Vodafone #Aditya Birla Nuvo #RIL #India Post #Banking sector #financial inlcusion #payments bank licence
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
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 country’s 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
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