Latest News on Banking Licence
Showing of 0 - 10 from 24 results
Banking Licence - Total results - 24
Jul 04, 2018
Reserve Bank of India grants licence to Bank of China to operate hereRBI approval follows Prime Minister Narendra Modi's commitment that India would expedite procedures to allow the BoC to set up branches in India.
Jan 02, 2018
Bandhan Bank files for Rs 2,500 cr IPO: Charting the institution's growth from a micro lender to bankIn 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
Aug 20, 2015
11 entities get payments bank licences: What it means for Indian banking sectorHere is a low down on the latest development
Jul 24, 2015
IDFC receives RBI approval for starting banking operation; plans to function from Oct 1IDFC and Bandhan Financial Services Pvt Ltd emerged successful out of 25 contenders for new bank licences
Dec 11, 2014
Vikram Akula makes a comeback with financial start-up Vaya; plans small bank forayHaving 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.
Nov 14, 2014
Small, payment bank licences to be up for grabs this month: Who all will make the cutThese banks are expected to bring in a large chunk of the public, especially in rural areas and other places with low penetration, into the formal banking system
Jul 04, 2014
RBI to issue guidelines on licences for differentiated banking this yearThe Reserve Bank of India (RBI) will issue the guidelines that will be used to grant on-tap and differentiated banking licences later this year, deputy governor R. Gandhi told reporters on the sidelines of an event on Friday.
Apr 03, 2014
Full list: These 23 companies are still waiting for a bank licenceThe 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.
Feb 15, 2014
Airbus to boost its finance options by purchasing German lenderAirbus Group pressed ahead with post-Lehman plans to acquire its own banking licence on Friday, saying it would buy small German lender Salzburg Muenchen Bank AG to boost its financing options.
Nov 28, 2013
Decoder: Why running a bank did not make sense for Tata SonsThe 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."