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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.

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

Last Updated: Wednesday, December 19, 2012, 21:55

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.

RBI to speed up process for issuance of banking licences

Last Updated: Wednesday, December 19, 2012, 21:24

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.

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.

NBFC, bank stocks gain after Lok Sabha passes Banking Bill

Last Updated: Wednesday, December 19, 2012, 13:20

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.

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.

Govt rules out referring Banking Bill to House panel again

Last Updated: Wednesday, December 12, 2012, 21:39

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.