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RBI to provide more bank licences, says MundraRBI

RBI to provide more bank licences, says MundraRBI

Having allowed 23 new entities to enter the banking space, Reserve Bank Monday said it plans to grant more licences to promote financial inclusion.

ICRA head comes in place of Roopa Kudva in RBI panel

Rating agency ICRA's chief Naresh Takkar has replaced former Crisil MD Roopa Kudva as a member of the External Advisory Committee of RBI that evaluates applications for payment bank licences.

Niche bank licences likely by Q1 of next fiscal

Reserve Bank Governor Raghuram Rajan Tuesday hinted that the final licences for niche banks are likely to be issued in the first quarter of the next fiscal.

Final norms for on tap bank licences this fiscal: RBI

Final guidelines for on tap universal banking licences will be issued in the current fiscal, Reserve Bank Deputy Governor R Gandhi said Tuesday.

RBI to issue guidelines for bank licences this year

The Reserve Bank of India (RBI) will issue the guidelines that will be used to grant on-tap and differentiated banking licenses later this year, deputy governor R. Gandhi told reporters on the sidelines of an event on Friday.

Nayak report calls for single bank licensing regime

There is a need for bank licencing regime to move to a uniform mode for all broad-based banks, irrespective of their ownership, an RBI panel report said Tuesday.

Losing licence bid no bar for stake buy in a bank: RBI

An entity's failed attempt at getting a bank licence will not have any bearing on its move to pick up a large share-holding in an existing bank, newly-appointed RBI Deputy Governor R Gandhi said Thursday.

Analysts welcome bank licences for Bandhan, IDFC

PwC's leader for banking and capital markets Shinjini Kumar said: "It is a very small number compared to the universe of applicants or the size of the economy."

Jalan panel on bank licences to hold last meeting on Feb 25

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold its last meeting on Tuesday.

Jalan committee on new bank licences to meet on Feb 10

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold a meeting on February 10.

New banks will need fresh models to succeed: India Ratings

"If money was to be made in rural banking within the existing framework, people would have rushed there," India Ratings CEO Atul Joshi said, adding that the banking business is set to go through interesting times with the entry of new players in coming months.

Jalan committee on new bank licences holds 2nd meeting

Initially, 26 entities evinced interest in entering the banking arena. Tata Sons, the holding company of Tata group, withdrew its application last month leaving 25 players in the fray.

New bank licences: Jalan committee to meet today

The committee held its first meeting on November 1.

New bank licences: Jalan committee to meet Monday

"We are having meeting on December 16 in Delhi," former RBI Governor Bimal Jalan, who is heading the panel said.

RBI queries applicants, regulators on new bank licences

Gearing up to issue new bank licences, RBI has shot off detailed queries to over two dozen applicants and various regulators in India and abroad as part of its due-diligence on those seeking to enter banking arena.

RBI to set up expert panel to screen bank licence applications

The Reserve Bank will soon set up a high-level panel of eminent experts from the banking and financial sector to screen applications of 26 aspirants for new banking licences.

New banks licences to take some more time

Ruling out relaxation in norms for grant of new bank licences, the Reserve Bank on Monday said though it has started the scrutiny of applications, the exercise will take some time.

Not all eligible applicants may get bank licence: Subbarao

Asserting that it will accelerate the process of issuing new bank licences, Reserve Bank Thursday said it was possible that not all eligible applicants will be granted a licence.

No preferences, no govt say in issue of bank licences: FM

As RBI scrutinises 26 applications for bank licences, Finance Minister P Chidambaram on Wednesday said no preference will be shown to applicants and government will have no say in issue of the licences.

No ceiling on number of new bank licences: Chidambaram

On whether India needs large banks or large number of banks, the Finance Minister said there is a case for both.