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RBI cancels licenses of six Delhi-based NBFCs

RBI cancels licenses of six Delhi-based NBFCs

Last Updated: Monday, July 28, 2014, 17:07

The Reserve Bank has cancelled the licenses of six Delhi-based non banking financial companies following which they would not be able to conduct business.

RBI cancels registration certificate of Dectsche Securities

Last Updated: Wednesday, July 23, 2014, 18:17

Reserve Bank has cancelled registration certificate of non-banking financial company Deutsche Securities India Pvt Ltd (DSIPL) as it was carrying on the business of a non-banking financial institution.

Set to grow faster, but won't sacrifice profitability: Chanda Kochhar

Last Updated: Sunday, July 20, 2014, 13:04

When asked by when the bank itself would have a headcount of more than one lakh, Kochhar said that would depend on the growth rate of the economy and the overall banking sector.

Recapitalisation of PSU banks is on high priority: Jaitley

Last Updated: Saturday, July 19, 2014, 14:48

Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government.

ICICI Bank launches special service for Canadian customers

Last Updated: Friday, July 18, 2014, 22:40

The country's largest private sector lender ICICI Bank today announced the launch of a special service called 'Hello Canada' for its Canadian customers, under the label of ICICI Bank Global Banking.

'Small banks will provide big push to financial inclusion'

Last Updated: Friday, July 18, 2014, 18:38

The RBI said payment banks will need to have a minimum capital of Rs 100 crore as against Rs 500 crore required for full-fledged commercial lenders.

RBI says IDFC agrees to pare FII limit to 50.5%

Last Updated: Wednesday, July 16, 2014, 20:52

Infrastructure financing company IDFC has agreed to prune foreign shareholding limit by 1 percent to 50.50 percent, as part of plans to progressively pare foreign investor holding to 49 percent to run banking services.

Large number of banks can co-exist with few big ones: Kochhar

Last Updated: Tuesday, July 15, 2014, 17:18

As new players get ready to join India's banking space, top banker Chanda Kochhar feels there is space for a few large banks and a large number of other lenders to cater to the country's banking needs.

RBI allows NBFCs to use e-KYC service to verify identity

Last Updated: Monday, July 14, 2014, 22:04

Non-Banking Financial Companies (NBFCs) have been allowed to accept e-KYC service as a valid process to verify identity and address proof of customers to reduce risk of fraud and forgery.

Worst behind banking industry on NPA front: Kochhar

Last Updated: Sunday, July 13, 2014, 14:50

Reserve Bank Governor Raghuram Rajan had also said last week that the most immediate problem confronting the banking system was that of rising level of stressed assets.

ICICI will acquire a bank of right size and valuation: Kochhar

Last Updated: Monday, July 07, 2014, 14:16

ICICI Bank will look at acquiring a bank if it finds one with the right size and right valuation, but is yet to find a takeover target that fits in its evaluation model, the bank chief Chanda Kochhar said.

EU banks watchdog advises lenders to shun bitcoins

Last Updated: Friday, July 04, 2014, 20:33

Bitcoin started circulating in 2009, and acceptance has been growing as more merchants allow customers to pay for goods and services in the currency.