Eyeing banking, India Post to have 25K branches on CBS by FY16

India Post, which has failed to make the cut during the latest round of bank licensing, Tuesday said it is still hopeful of converting itself into a post bank and the first step towards this will see 25,000 of its outlets on the core banking platform by FY16.

Par panel against corporates getting bank licences

The members felt that since there is no such practice to give bank licences to corporate houses anywhere in the world, India should not be an exception.

Confident of getting bank license: Birla

Chairman of Aditya Birla group Kumar Mangalam Birla Friday said that he was confident of getting banking license from the Reserve Bank of India.

Edelweiss to decide on applying for bank license next week

Diversified financial services group, Edelweiss Wednesday said it would take a decision on applying for a bank licence in its board meeting next week.

RBI cancels licence of Tandur Mahila Cooperative Bank

The Reserve Bank of India (RBI) has cancelled the licence of Andhra Pradesh-based Tandur Mahila Cooperative Urban Bank as there was no scope for revival of the ailing lender.

Corporates rush to ensure eligibility for banking space entry

With the RBI proposing the entry of new players in the banking space, over a dozen entities, including those from the Tatas, Ambanis, Mahindras, Birlas and Bajaj Group, have begun firming up their candidature for the coveted few bank licences that could be on offer next year.