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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."

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.

New bank licences in a few weeks: RBI Governor Rajan

Last Updated: Friday, March 07, 2014, 15:54

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.

Bank licences: Jalan panel submits recommendations to RBI

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

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.

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

Last Updated: Sunday, February 23, 2014, 11:07

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

Jalan committee on new bank licences to meet on Feb 10

Last Updated: Sunday, January 19, 2014, 13:41

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

RBI panel says abolish SLR norm gradually

Last Updated: Tuesday, January 07, 2014, 21:50

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.

New banks will need fresh models to succeed: India Ratings

Last Updated: Sunday, December 29, 2013, 13:35

"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.

Jalan committee on new bank licences holds 2nd meeting

Last Updated: Monday, December 16, 2013, 19:35

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.

New bank licences: Jalan committee to meet today

Last Updated: Monday, December 16, 2013, 09:54

The committee held its first meeting on November 1.

New bank licences: Jalan committee to meet Monday

Last Updated: Sunday, December 15, 2013, 10:57

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

Jalan panel to finalise report three months after RBI scrutiny

Last Updated: Wednesday, December 11, 2013, 19:14

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.