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Banking licence to IDFC may affect infrastructure sector: SBI

Last Updated: Saturday, April 05, 2014, 21:51

The State Bank of India (SBI) on Saturday welcomed competition in the banking sector but apprehended that IDFC's entry into banking may impact the infrastructure sector.

Shares of banking licence applicants surge up to 12.5%

Last Updated: Wednesday, April 02, 2014, 19:20

Shares of banking licence applicants today surged as much as 12.5 per cent after the Election Commission allowed the Reserve Bank to issue licences for setting up new banks.

Banking licence aspirants' shares fall amid uncertainties

Last Updated: Wednesday, February 26, 2014, 21:05

Stocks of most of the banking licence aspirants fell by up to 4.63 percent on Wednesday amid uncertainty over the names of short-listed candidates.

Sibal says keen on getting banking licence for India Post

Last Updated: Friday, January 24, 2014, 22:19

The RBI is processing applications for banking licences from among 25 entities, including the Department of Posts and top corporates like Aditya Birla Groups and Anil Ambani Group.

Tata Sons withdraws application for bank licence

Last Updated: Wednesday, November 27, 2013, 17:08

Tata Sons has withdrawn its application for setting up a bank, saying its current financial services model best supports the needs of the group's domestic and overseas businesses.

New banks licences to take some more time

Last Updated: Monday, August 05, 2013, 20:53

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.

Srei to roll out ATMs in FY14

Last Updated: Friday, July 05, 2013, 12:31

Srei Infrastructure Finance Ltd will begin rolling out white-label automated teller machines (ATMs) with 100 of them on a trial basis this fiscal, even as it awaits its banking licence.

Customers Bancorp to buy 6% stake in Religare for $51 mn

Last Updated: Wednesday, June 26, 2013, 22:12

Financial service provider Religare Enterprises Ltd Wednesday said Customers Bancorp Inc of USA has agreed to pick up 6 percent stake in the Delhi based banking aspirant for USD 51 million (about Rs 300 crore).

Aditya Birla Nuvo to seek licence from RBI for setting up bank

Last Updated: Tuesday, June 25, 2013, 23:12

Shares of the company closed at Rs 1,033.25 per unit, down by 1.01 percent on the BSE.

UBS to close sole India branch, to continue equities, i-banking

Last Updated: Friday, June 21, 2013, 22:48

Swiss banking major UBS has decided to surrender its banking licence in India, which includes exiting its fixed income business, forex operations, and credit services which are capital intensive.

IDFC to seek licence from RBI for setting up bank

Last Updated: Tuesday, June 18, 2013, 22:04

Infrastructure financing company IDFC Tuesday said the board has approved a proposal to seek licence from RBI for setting up a bank.

New banks to herald next growth phase for existing ones: Kotak

Last Updated: Sunday, June 16, 2013, 12:33

As dozens of banking licence aspirants line up before RBI, eminent banker Uday Kotak has said the entry of new players could herald a new round of growth for the existing players with increased pace of competition for talent as well as customers.