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Book review: How PSU banks were in denial mode on NPAs and how RBI cushioned impact of 2008 economic crisis
Business

Book review: How PSU banks were in denial mode on NPAs and how RBI cushioned impact of 2008 economic crisis

In June last year, the RBI referred 12 accounts, totalling about 25 percent of the gross NPAs, for resolution under the new Insolvency and Bankruptcy Code

Bandhan Bank files for Rs 2,500 cr IPO: Charting the institution's growth from a micro lender to bank
Business

Bandhan Bank files for Rs 2,500 cr IPO: Charting the institution's growth from a micro lender to bank

In April 2014, Bandhan was one of the two entities, another was IDFC, that won banking licence from the RBI defeating big companies in the fray

RBI on-tap bank licence: Rajan's reform step would mean end of banking dreams for big corporates
Business

RBI on-tap bank licence: Rajan's reform step would mean end of banking dreams for big corporates

With just over a month left for his term coming to end at Mint Road, outgoing Reserve Bank of India (RBI) governor Raghuram Rajan has taken one of the key reform-steps in the country’s banking sector by announcing final norms for ‘on tap licensing’ or continuous licensing.

How the year 2015 transformed the idea of ‘banking’ for you and me
Business

How the year 2015 transformed the idea of ‘banking’ for you and me

In August, RBI) issued in-principle approvals for 11 entities to set up payments banks and followed this up with the issuance of ten more licences for small finance banks in September

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

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

IFC, Singapore's GIC invest Rs 1,100 cr in Bandhan ahead of its banking foray
Business

IFC, Singapore's GIC invest Rs 1,100 cr in Bandhan ahead of its banking foray

Bandhan Financial Services, a micro-finance company which is in the process of setting up a universal bank, has received commitment to equity infusion of Rs 1,100 crore by two entities.

Why RBI's decision on a Post Bank of India is a slap for Finance Ministry
India

Why RBI's decision on a Post Bank of India is a slap for Finance Ministry

The Department of Posts has been trying to get the clearance of the finance ministry for some time now.

Bandhan: A microfinance group that beat corporates to a bank license
India

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.