Banking Bill

FM expects RBI to speed up process of new bank licences

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.

Dec 20, 2012, 20:49 PM IST

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

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.

Dec 20, 2012, 18:38 PM IST

Passage of Banking, Cos bills to give positive signal: Montek

A day after back to back passage of two key reforms bills in Lok Sabha, Planning Commission Deputy Chairman Montek Singh Ahluwalia Wednesday said that this would give positive signal to investors that there is no policy logjam in the country.

Dec 19, 2012, 21:55 PM IST

RBI to speed up process for issuance of banking licences

A day after Lok Sabha passed the Banking Laws (Amendment) Bill, RBI Deputy Governor K C Chakrabarty Wednesday said the process for issuing new banking licences will be expedited.

Dec 19, 2012, 21:24 PM IST

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

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.

Dec 19, 2012, 18:11 PM IST

NBFC, bank stocks gain after Lok Sabha passes Banking Bill

Shares of non-banking financial companies (NBFC) and banks on Wednesday surged as much as 14 percent after the Lok Sabha passed a Bill paving way for foreign investments in the sector and establishment of new private banks.

Dec 19, 2012, 13:20 PM IST

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

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.

Dec 18, 2012, 16:43 PM IST

Govt rules out referring Banking Bill to House panel again

Finance Minister P Chidambaram Wednesday ruled out the possibility of referring the Banking Bill for the second time to the Standing Committee on Finance for further scrutiny as has been demanded by opposition parties.

Dec 12, 2012, 21:39 PM IST