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Payments banks no threat to current banking giants: Report

Payments banks no threat to current banking giants: Report

Payments banks have a very limited scope of services to offer customers and will particularly not have access to sticky low cost deposits which the traditional banks have along with capacity to lend.

IDFC, Bandhan get bank licences, coprorate houses left out

The bank licences were awarded a day after the Election Commission granted approval to the RBI to go ahead with the process.

Bank licences should be given to those with innovative model: FM

Finance Minister P Chidambaram on Friday suggested the RBI prefer those applicants for new bank licence who want to set up specialised banks rather than the ones keen to establish clones of existing lenders.

New banks: RBI zeroes in on 5 for panel to screen applications

The Reserve Bank is understood to have zeroed in on five names for setting up a high-level panel of experts from the banking and financial sector to screen applications of the 26 aspirants for new banking licences.

RBI to set up expert panel to screen bank licence applications

The Reserve Bank will soon set up a high-level panel of eminent experts from the banking and financial sector to screen applications of 26 aspirants for new banking licences.

Penalties on banks in India "peanuts", says RBI Governor

Erring banks can face a maximum penalty of Rs one crore in India, he said, adding that it was upto the lawmakers to decide whether this should be increased.

RBI Governor briefs MPs on new bank licences

Concerned over the possibility of crony capitalism creeping into the banking sector with the grant of new licences to business houses, members of a Parliamentary panel today asked RBI Governor D Subbarao to give a structured response on the issues flagged by them.

RBI to allow 4 new banks: Report

In a big-ticket announcement to boost the financial sector, the Reserve Bank of India (RBI) is all set to invite applications for new banking licences this month, a newspaper reported on Friday.