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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.

Analysts welcome bank licences for Bandhan, IDFC

Last Updated: Wednesday, April 02, 2014, 21:56

PwC's leader for banking and capital markets Shinjini Kumar said: "It is a very small number compared to the universe of applicants or the size of the economy."

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.

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.

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.

SLR cut hinges on fiscal correction push under new govt: RBI

Last Updated: Tuesday, April 01, 2014, 21:40

Under the SLR requirement, the banks have to park 23 percent of their deposits in Government securities. This is a long way from 40 percent SLR requirement in mid-90s. Despite the reduction, lenders still keep nearly 27 percent of their deposits in SLR, which is a measure of their solvency.

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.

DGCA to consult carrier chiefs on operational issues

Last Updated: Tuesday, March 25, 2014, 17:45

In a bid to enhance efficiency, DGCA would consult chiefs of all Indian carriers later this week for suggestions on a range of operational issues, including granting and renewal of pilots licences and route checks.