New bank licences

First set of differential bank licences by month-end: Rajan

First set of differential bank licences by month-end: Rajan

The Reserve Bank is all set to issue the first set of differential bank licences -- small finance and payments banks -- by the end of August, a move aimed at promoting financial inclusion.

Aug 04, 2015, 13:09 PM IST

Some new banking licences by August: Raghuram Rajan

The first set of new banking licences will be issued by August, taking the number of such private financial institutions operating in the country to more than 12.

Jun 02, 2015, 21:51 PM IST

Aggression by newcomers may hurt banking stability: S&P

The Reserve Bank of India is cautiously opening up India`s banking sector to companies.

Oct 28, 2014, 18:41 PM IST

Analysts welcome bank licences for Bandhan, IDFC

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."

Apr 02, 2014, 21:56 PM IST

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

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.

Apr 01, 2014, 21:40 PM IST

New bank licences in a few weeks: RBI Governor Rajan

The Reserve Bank will issue new bank licences in a few weeks, after seeking approval of the Election Commission, Governor Raghuram Rajan said on Friday.

Mar 07, 2014, 15:54 PM IST

Bank licences: Jalan panel submits recommendations to RBI

The Bimal Jalan panel, which scrutinised applications for new bank licences, Tuesday submitted its report along with shortlisted entities to the Reserve Bank of India.

Feb 25, 2014, 17:45 PM IST

Jalan panel on bank licences to hold last meeting on Feb 25

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold its last meeting on Tuesday.

Feb 23, 2014, 11:07 AM IST

Jalan committee on new bank licences to meet on Feb 10

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold a meeting on February 10.

Jan 19, 2014, 13:41 PM IST

RBI panel says abolish SLR norm gradually

Statutory liquidity ratio refers amount that commercial banks require to maintain in the form of gold or government approved securities before providing credit to the customers.

Jan 07, 2014, 21:50 PM IST

New banks will need fresh models to succeed: India Ratings

"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.

Dec 29, 2013, 13:35 PM IST

Jalan committee on new bank licences holds 2nd meeting

Initially, 26 entities evinced interest in entering the banking arena. Tata Sons, the holding company of Tata group, withdrew its application last month leaving 25 players in the fray.

Dec 16, 2013, 19:35 PM IST

New bank licences: Jalan committee to meet today

The committee held its first meeting on November 1.

Dec 16, 2013, 09:54 AM IST

New bank licences: Jalan committee to meet Monday

"We are having meeting on December 16 in Delhi," former RBI Governor Bimal Jalan, who is heading the panel said.

Dec 15, 2013, 10:57 AM IST

Jalan panel to finalise report three months after RBI scrutiny

The RBI is currently scrutinising various aspects of applications made by 25 entities for new bank licences expected to be given by the end of March 2014.

Dec 11, 2013, 19:14 PM IST

New bank licences: SEBI scans listed applicants, group firms

SEBI's scrutiny follows detailed queries shot off by RBI to various regulators in India and abroad as part of its due-diligence of entities seeking to enter banking arena.

Nov 10, 2013, 15:03 PM IST

Expert group on new bank licences to hold 1st meeting on Nov 1

A high-level panel chaired by former RBI Governor Bimal Jalan that will scrutinise applications for new bank licences will hold its first meeting on November 1.

Oct 29, 2013, 14:50 PM IST

RBI queries applicants, regulators on new bank licences

Gearing up to issue new bank licences, RBI has shot off detailed queries to over two dozen applicants and various regulators in India and abroad as part of its due-diligence on those seeking to enter banking arena.

Oct 27, 2013, 12:42 PM IST

NBFCs have advantage in bank licence application: Chakrabarty

Non-banking finance companies (NBFCs) have advantage over other applicants for banking licences as they already have good customer base, Reserve Bank Deputy Governor K C Chakrabarty said Wednesday.

Oct 09, 2013, 22:37 PM IST

Only provisional list of new banks by Jan: Chakrabarty

Reserve Bank Deputy Governor K C Chakrabarty has said only a provisional list of new bank licencees will be announced by January and it will take at least two years for a player to become operational.

Oct 06, 2013, 15:13 PM IST