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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.

Some applicants may be better at differentiated banking: Rajan

Last Updated: Friday, April 04, 2014, 14:28

"Some of the applicants may be better off applying for a differentiated licence rather than for the full licence," Rajan said when asked about the very conservative approach to the much-touted licensing process.

Bandhan's MF operations to be transferred to bank: Ghosh

Last Updated: Thursday, April 03, 2014, 16:24

Armed with an 'in-principle' banking licence from RBI, city-based micro-finance (MF) institution Bandhan Financial Services would transfer its existing business to the proposed bank to be formed.

IDFC shares surge on bank licence; peers fall

Last Updated: Thursday, April 03, 2014, 13:15

Shares of IDFC Ltd surged as much as 8.8 percent on Thursday after the Reserve Bank of India (RBI) granted a preliminary bank licence to the infrastructure sector lender, one of the two firms to get the approval.

Sensex, Nifty at lifetime highs on fund inflows

Last Updated: Thursday, April 03, 2014, 10:27

The 50-share NSE Nifty gained 24.20 points, or 0.35 percent, to touch a new record-high of 6,776.75.

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.

RBI chief says RBI board committee to decide on bank licences

Last Updated: Wednesday, April 02, 2014, 12:38

Rajan also called issuing new bank licenses a "regulatory" process that should not come to an end because of a change in government.

Granting of new bank licences not a political process: Rajan

Last Updated: Tuesday, April 01, 2014, 14:12

Affirming that the grant of new bank licences is a regulatory process and not political, RBI Governor Raghuram Rajan on Tuesday said the central bank sought the Election Commission's nod only to shield the announcement from any political controversy.

EC meet on new bank licences postponed

Last Updated: Monday, March 31, 2014, 10:04

The meeting of the Election Commission to take a view on the issuance of new bank licences by the Reserve Bank has been postponed.

RBI sought EC's nod on bank licence as matter of caution: Rajan

Last Updated: Thursday, March 27, 2014, 19:43

RBI Governor Raghuram Rajan on Thursday said that the central bank has sought the Election Commission's nod over the issue of grant of new bank licence as a matter of caution.

EC to take a view on new bank licences on March 31

Last Updated: Wednesday, March 26, 2014, 19:58

The Election Commission on Wednesday said it will take a view on the issuance of new bank licences by the Reserve Bank on Monday.

Customs suspend DHL licence to operate from Bangalore airport

Last Updated: Thursday, March 20, 2014, 16:09

The company has approached the Karnataka High Court against the suspension.