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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.

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.

RBI yet to hear from EC on bank licences: Chakrabarty

Last Updated: Thursday, March 20, 2014, 14:07

The RBI has reportedly written to the EC in the first week of March seeking its approval for its plan.

Sting operations, bad loans hit all from SBI to Yes Bank

Last Updated: Sunday, December 22, 2013, 14:07

From the largest lender SBI to the youngest Yes Bank, the nation's banks were fined for violating regulatory norms after sting operations exposed chinks in their armour.

IDFC not eligible for bank licence as fgn holding exceeds 50%

Last Updated: Thursday, December 19, 2013, 20:25

IDFC said in a BSE filing that the institution would endeavour to bring down the foreign shareholding to below 50 percent in case it gets bank licence from the RBI.