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Shares of banking licence applicants surge up to 12.5%

Last Updated: Wednesday, April 02, 2014, 19:20

Shares of banking licence applicants today surged as much as 12.5 per cent after the Election Commission allowed the Reserve Bank to issue licences for setting up new banks.

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

Last Updated: Tuesday, October 29, 2013, 14:50

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.

RBI considering making bank licencing process more frequent

Last Updated: Monday, October 07, 2013, 15:34

In order to expand the reach of banking, Reserve Bank today said it is considering making bank licensing process more frequent and allow free entry of banks as and when necessary.

New banks to increase inclusion, create new jobs: Survey

Last Updated: Thursday, July 04, 2013, 14:06

The Reserve Bank's decision to allow new players in the banking sector would result into improvement in efficiency, increase in capital base to meet the credit needs of the economy and generate huge employment opportunities, says a survey by industry chamber Ficci.

New bank licence norms get tougher as RBI clarifies at length

Last Updated: Monday, June 03, 2013, 17:59

The Reserve Bank Monday made getting new bank licences more stringent even as it allowed the aspirants to have the holding and capital structure of the bank-holding company in place within 18 months of getting the in-principle nod, instead of 12 months prescribed earlier.

RBI to allow 4 new banks: Report

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.