Last Updated: Monday, July 15, 2013, 15:19
To address the problem of customer grievances, the Reserve Bank today asked banks to engage only registered telemarketers for their promotional activities.
Last Updated: Monday, July 15, 2013, 14:44
The Reserve Bank does not have any target in mind on the number of banking licences to be issued in this round, a senior official of the central bank said Monday.
Last Updated: Sunday, July 14, 2013, 17:47
The largest pure-play gold mortgage player Muthoot Finance, which has applied for banking licence, has said it can easily launch commercial lending business with as many as 2,000 branches.
Last Updated: Thursday, June 27, 2013, 17:47
The Department of Post Thursday submitted application before the Reserve Bank for a licence to offer full-fledged banking services.
Last Updated: Tuesday, June 04, 2013, 14:51
Erring banks can face a maximum penalty of Rs one crore in India, he said, adding that it was upto the lawmakers to decide whether this should be increased.
Last Updated: Tuesday, April 09, 2013, 22:33
Concerned over the possibility of crony capitalism creeping into the banking sector with the grant of new licences to business houses, members of a Parliamentary panel today asked RBI Governor D Subbarao to give a structured response on the issues flagged by them.
Last Updated: Monday, March 11, 2013, 10:43
Financial services major Srei group plans to apply for a banking licence to set up a bank with strong rural presence and would not rope in any domestic or foreign partner in this venture.
Last Updated: Monday, March 04, 2013, 12:07
The RBI came out with new bank licence guidelines last month wherein it said the important criterion for processing application would be business model of the applicants and it should provide for financial inclusion.
Last Updated: Monday, February 25, 2013, 20:09
Shares of entities interested in entering the banking space surged Monday, while stocks of many incumbent banks came under the selling pressure as RBI cleared the decks for entry of new players in the business.
Last Updated: Monday, February 25, 2013, 18:56
"We do not expect the RBI to issue more than five licences. We believe the probability of a public sector entity obtaining a banking licence is low," Standard Chartered said in a report.
Last Updated: Sunday, February 24, 2013, 11:45
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.
Last Updated: Friday, February 22, 2013, 18:08
Yielding to government's stance, the Reserve Bank Friday allowed corporates and PSUs with sound credentials and Rs 500 crore capital to set up commercial banks under new guidelines that may also open the doors for the Postal Department and insurance behemoth LIC.
more videos >>