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Tata Sons has withdrawn its application for setting up a bank, saying its current financial services model best supports the needs of the group's domestic and overseas businesses.
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.
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.
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).
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.
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.
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.
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.
Last Updated: Monday, June 03, 2013, 17:57
Making it tougher for aspirants, the Reserve Bank Monday said it will look for very high quality applications to issue new bank permits and may not be possible to issue licences to all eligible applicants.
Last Updated: Sunday, February 24, 2013, 13:33
Power Finance Corporation has said its board would discuss applying for a bank licence, as the state-run lending agency meets the norms for setting up commercial bank which were issued by RBI last week.
Last Updated: Friday, February 22, 2013, 21:02
Yielding to government's stance, RBI on Friday allowed corporates and PSUs with sound credentials and Rs 500 crore to invest as paid-up capital to set up commercial banks.
Last Updated: Sunday, January 06, 2013, 14:08
According to sources in Finance Ministry, the Reserve Bank may release its final guidelines for new bank licenses by January-end or early next month.
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