Bank Licences

Bank licences: If some of these guys can run a bank, so can I

Given the high hurdles set by the RBI for issuing banking licences, one wonders why there are so many hopefuls. Maybe, owning a bank looks good on the CV.

Bank licences: Those with financial muscle will gain, says Fitch

FM expects some new bank licences before March 2014

Clarity on number of new bank licences only by October: Secretary

Guidelines: Norms get tougher but RBI gives aspirants 18 months to set up banks

The RBI issued guidelines in February allowing any type of company to set up a bank in India, paving the way for a new set of private banks since the formation of Yes Bank in 2004.

Corporates and PSUs line up for bank licences as RBI clears deck

What is good is that the RBI has put in a lot of checks and balances. The exposure norms they have defined have taken care of all the risks that people would have been worried about

Why RBI should go easy on bank licences

The RBI should hold back on bank licences until the banking sector gets back<br /><br /> on track with balance sheets improving. The government should leave the RBI<br /><br /> on the banking licence issue.

No reason to deny bank license to qualified corporates: FM

The government believes that the opening the sector will pave the way for the creation of some world-size banks and that deep-pocketed corporates will be able to provide much-needed capital for banks.

IMF cautions against allowing corporates to enter banking space

At a time when Indian corporates are keenly awaiting final guidelines for their entry into commercial banking, multilateral agency IMF has cautioned that risks related to allowing industrial houses to promote or own banks might "outweigh" the benefits.

FM asks RBI to start issuing new bank licences

Finance Minister P Chidambaram today made it clear to RBI that it has the powers to issue new bank licences and expressed the hope it will take the process forward "appreciating" government's position.