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New Banking licence

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Not CBI: FM needs to free the real 'caged parrots' -  PSU banks

Nov 18, 2013

Not CBI: FM needs to free the real 'caged parrots' - PSU banks

The FM wants innovative banking models, but this can't happen when competition is so low and the public sector banks are kowtowing to North Block #WhyNow #P. Chidambaram #Banking #Innovation #PSU banks #new bank licences #Bank Business Models
New bank licences: RBI's 'fit' criteria ambiguous, says Yashwant Sinha panel

Sep 27, 2013

New bank licences: RBI's 'fit' criteria ambiguous, says Yashwant Sinha panel

Yashwant Sinha panel wants minimum capital to be doubled to Rs 1000 Cr; terms existing fit and proper criteria as subjective. #RBI #NewsTracker #Yashwant Sinha #new bank licences #Standing Committee of Parliament
New banking licences may give rise to crony capitalism, say MPs

Apr 10, 2013

New banking licences may give rise to crony capitalism, say MPs

Members of the Parliamentary Standing Committee on Finance quizzed the RBI chief on central bank's guidelines for awarding new bank licences, sources said #D. Subbarao #NewsTracker #MPs #New Banking Licences
New banking licence: RBI asks applicants to send queries by 10 April

Mar 07, 2013

New banking licence: RBI asks applicants to send queries by 10 April

The Reserve Bank of India said it would publish clarifications related to the recently released final rules on bank licences on its website as it had received several queries from applicants seeking more details. #RBI #NewsTracker #New Banking Licences #Clarifications
Fin inclusion plan key criteria for new bank licence, says RBI

Mar 04, 2013

Fin inclusion plan key criteria for new bank licence, says RBI

The Reserve Bank today said financial inclusion plan will be an important criteria for getting new bank licences in the private sector. #RBI #PolicyWatch #rural banking #New Banking licence
Corporates including M&M, L&T, PSUs queue up for banking licences

Feb 24, 2013

Corporates including M&M, L&T, PSUs queue up for banking licences

More than a dozen corporates, including big names such as Aditya Birla Group, M&M, L&T, as well as state-owned PFC, LIC and India Post, will apply to the Reserve Bank for licence to open banks. #RBI #NewsTracker #L&T #corporate #New Banking licence #Srei Infra
Speculative trading at the crux of furore over banking bill

Dec 11, 2012

Speculative trading at the crux of furore over banking bill

The sweet taste of victory turned a bit sour for the UPA after oppn sought to stall another reform bill, arguing that the amendment to the banking regulations bill that allows banks to participate in commodity futures trading was not vetted by a Parliamentary panel. #parliament #Banking Bill #speculation #Lokh Sabha #new bank licences #commodities trade
Why RBI and FM must both do their own things

Nov 17, 2012

Why RBI and FM must both do their own things

The finance ministry and the RBI have to do what they think is right. They are each right in their own spheres and must try to understand each other #P. Chidambaram #RBI #Monetary policy #D. Subbarao #FM #EasyMoney #New Banking licence
No new banking licences without legal backing, says Subbarao

Nov 16, 2012

No new banking licences without legal backing, says Subbarao

A day after Finance Minister P Chidambaram asked the Reserve Bank to speed up the process of issuing new bank licences, Governor D Subbarao today said it would be impossible to do it without meeting certain regulatory parameter #P. Chidambaram #RBI #D. Subbarao #TheySaidIt #Private banks #New Banking Licences