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Banking licence News

Reserve Bank of India

04 Jun 2019

RBI will not issue new banking license for 2-3 years: Sources

The Board of Financial Supervision of the RBI has taken in-principle decision to not proceed further on new banking licence, sources told Zee Media.

01 Aug 2016

RBI clears the decks for on-tap banking, bars big corporates

Paving the way for entry of new players in banking sector, the Reserve Bank Monday heralded 'on tap' universal banking licence regime, but excluded large industrial houses from the purview though they can invest up to 10 percent in new banks.

19 Aug 2015

Payments bank will bring millions unbanked into banking folds: Airtel

Bharti Airtel Wednesday said the payments bank licence will help in bringing millions of unbanked Indians into the folds of banking services.

24 Jul 2015

IDFC gets RBI nod for starting banking operation

The bank proposes to start operations with 20 branches.

24 Apr 2015

Bitcoin exchange itBit seeks New York banking licence

In a little noticed move, bitcoin exchange itBit has filed for a banking licence in New York, according to the state banking authority.

11 Jan 2015

Govt mulls legislative route for setting up Postal Bank

The government is looking at taking the legislative route, by next month, to finalise the setting up of Postal Bank of India and will soon approach RBI to consider the postal department's application for banking licence.

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