Last Updated: Wednesday, April 02, 2014, 19:34
The bank licences were awarded a day after the Election Commission granted approval to the RBI to go ahead with the process.
Last Updated: Friday, November 15, 2013, 17:01
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.
Last Updated: Monday, September 02, 2013, 17:55
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.
Last Updated: Sunday, August 11, 2013, 12:10
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.
Last Updated: Tuesday, June 04, 2013, 14:51
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.
Last Updated: Tuesday, April 09, 2013, 22:33
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.
Last Updated: Friday, October 05, 2012, 09:20
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.
Last Updated: Monday, August 29, 2011, 21:07
Shares of non-banking financial companies on Monday surged by up to 14.42 percent on BSE after the Reserve Bank unveiled draft guidelines on new banking licences.
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