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MFIs should be given micro credit banking licence: Yunus

Last Updated: Wednesday, June 11, 2014, 20:24

Micro finance institutions (MFI) in India need to be given special micro credit banking licence enabling them to raise deposits for the lending requirements, Nobel Laureate and father of micro credit concept Muhammad Yunus said Wednesday.

RBI to have regular process of bank licences: Rajan

Last Updated: Tuesday, May 20, 2014, 21:10

Reserve Bank of India Governor Raghuram Rajan Tuesday said the central bank would soon announce a regular process of granting bank licences, ending the current system of giving it in tranches.

Balance-sheet growth not focus at start of bank ops: IDFC

Last Updated: Friday, April 04, 2014, 17:24

IDFC and Kolkata-based microfinance player Bandhan are the only entities which were given an "in-principle" approval by RBI for banking licences on Wednesday.

India's newest banks plot divergent growth strategies

Last Updated: Thursday, April 03, 2014, 23:25

India`s two newest would-be banks, Infrastructure Development Finance Co (IDFC) and Bandhan Financial Services Ltd, are planning divergent paths in an industry that is crowded with lenders but still fails to reach roughly half the population.

Analysts welcome bank licences for Bandhan, IDFC

Last Updated: Thursday, April 03, 2014, 00:18

"This is an excellent decision though we could have seen one or two more, but this an excellent beginning," said Ashvin Parekh, promoter of Ashvin Parekh Advisory Services, talking to PTI over phone from Singapore.

IDFC, Bandhan get bank licences, coprorate houses left out

Last Updated: Wednesday, April 02, 2014, 19:34

The bank licences were awarded a day after the Election Commission granted approval to the RBI to go ahead with the process.

Large foreign banks need to be responsive to local norms: RBI

Last Updated: Tuesday, April 01, 2014, 23:22

"At some time this (wholly-owned subsidiary route) will have to become a regulatory issue and to ensure the banking sector stability, we need our large foreign entities to be responsive to the regulations here," Rajan told reporters at the customary post-policy meeting here.

Post EC nod analysts feel RBI will soon grant bank licences

Last Updated: Tuesday, April 01, 2014, 22:57

Analysts believe the RBI will give licences to only a few aspirants in the current phase. There are 25 applicants in the fray for new bank licences.

RBI gets EC approval to grant new bank licences

Last Updated: Tuesday, April 01, 2014, 20:47

The approval came after the RBI missed the March-end deadline for issuing the first bank licence in almost a decade.

Election Commission allows RBI to announce new bank licences

Last Updated: Tuesday, April 01, 2014, 18:04

"The commission is of the view that Reserve Bank of India may take necessary action as deemed appropriate by the Bank," election commission said regarding the central bank`s query.

RBI likely to issue few bank licences: Chidambaram

Last Updated: Wednesday, March 05, 2014, 18:57

The model code of conduct has come into force with the announcement of general election from Wednesday.

New banks will need fresh models to succeed: India Ratings

Last Updated: Sunday, December 29, 2013, 13:35

"If money was to be made in rural banking within the existing framework, people would have rushed there," India Ratings CEO Atul Joshi said, adding that the banking business is set to go through interesting times with the entry of new players in coming months.