Banking Licence

Two reasons why Reliance Capital shares are up in a flat market

RBI favours easing regulatory hazards for bank licensing

Tata Group and firms controlled by billionaires Anil Ambani and Kumar Mangalam Birla are among those which applied for bank licences.

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."

Tata Sons out of banking race, will other big groups follow?

The withdrawal implies that RBI's conditions were restrictive and complying with them would have affected the conglomerate's other businesses.

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.

Tata, Birla, Ambani among 26 applicants for bank licences

Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital and Bajaj Finserv are among the 26 private and pubic sector entities which have applied to RBI for grant of bank licences.

Eye on banking licence, Religare ropes in US bank Customers Bancorp

UBS to surrender India banking licence, shuts only branch

The decision to surrender the banking licence in India is in line with the group's global strategy of conserving capital and wind up its capital intensive businesses

RBI to come out with clarifications on banking licences soon

The Reserve Bank will shortly come out with its clarifications on issuing licences for more private sector banks, the Finance Ministry said today.<br /><br />

Spice Global to enter into banking sector, to apply for licence

B K Modi promoted Spice Global is planning to apply to RBI for a bank licence for which guidelines were issued last month.