Some applicants may be better at differentiated banking: Rajan

"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

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

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

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

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

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

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

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

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

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

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%

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.

Par panel against corporates getting bank licences

The members felt that since there is no such practice to give bank licences to corporate houses anywhere in the world, India should not be an exception.

RBI to come out with paper on banking structure: Subbarao

RBI will come out with a paper on the banking structure in the country discussing issues like consolidation even as it prepares to issue new bank licences after a decade.

Country is ready for new banks: Sharma

Commerce and Industry Minister Anand Sharma Friday said the country is ready for new banks and authorities concerned would have looked into the necessary safeguards in this regard.

New bank licence guidelines "very soon": RBI Deputy Governor

Reserve Bank is likely to "very soon" come out with the final guidelines on new bank licences as its consultation with the Finance Ministry on the issue is nearing an end, Deputy Governor Anand Sinha said on Friday.

RBI asked to finalise new bank licence guidelines: FM

Finance Minister P Chidambaram on Thursday said he has asked RBI to finalise guidelines for new bank licences and start accepting applications for the same pending passage of the Banking Laws (Amendment) Bill.