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'Hike minimum investment limit for bank licence to Rs 1,000 cr'

Last Updated: Monday, January 07, 2013, 21:23

Minimum investment limit for obtaining a bank licence should be pegged at Rs 1,000 crore with the stipulation that promoter should bring in the amount within a period of five years, said industry chamber Assocham.

FM expects RBI to speed up process of new bank licences

Last Updated: Thursday, December 20, 2012, 20:49

Finance Minister P Chidambaram Thursday expressed the hope that Reserve Bank would expeditiously formulate guidelines for setting up new banks and start inviting applications for licences.

Parl passes banking bill, paves way for setting up more banks

Last Updated: Thursday, December 20, 2012, 18:38

Parliament Thursday paved the way for corporate houses to enter the banking sector by approving the banking bill, a key reform legislation pending for long.

Banking Bill: Reliance, Religare and others gearing up for banking foray

Last Updated: Wednesday, December 19, 2012, 18:11

The major groups interested in seeking new banking licenses, whenever RBI decides to give them, include Anil Ambani-led Reliance Group, financial services conglomerate Religare group, Larsen & Toubro and Shriram group.

LS passes Banking Bill; paves way for foreign investment, new banks

Last Updated: Tuesday, December 18, 2012, 16:43

The Bill, which seeks to strengthen banking regulation, was passed by the voice vote after the amendments proposed by the Left Parties were rejected by the House.