Banking Licence

Aug 22, 2015 at 13:14 | Source: Firstpost.com
Raghuram Rajan said payment banks could be allies to regular banks in reaching banking to remote areas where there can be no branches, SBI chief Arundhati Bhattacharya thought they could intensify competition to the deposits sphere and eat into their margins.
Aug 21, 2015 at 18:31 | Source: PTI
Taking smartphone to half a billion people was also a revolutionary movement in this regard. The Reserve Bank on Wednesday granted 'in-principle' approval to 11 entities, including Reliance Industries, Aditya Birla Nuvo, Vodafone and Airtel, to set up payments banks and proposed such licences 'on tap' in future.
Aug 21, 2015 at 12:34 | Source: Firstpost.com
Eleven private parties were given licences to set up "payment banks" - banks which can do everything a regular bank can do - take deposits, pay bills, issue cheques and drafts.
Aug 20, 2015 at 18:38 | Source: PTI
The government will soon give handheld devices to all rural post offices, he added. The payments bank licence will enable the Department of Post (DoP) to offer banking services to the masses through its vast network of 1,54,000 post offices, of which 1,30,000 are in rural areas.
Aug 20, 2015 at 15:07 | Source: PTI
The Reserve Bank yesterday gave 'in-principle' nod to 11 entities, including Department of Post, Reliance Industries, Aditya Birla Nuvo, Vodafone and Airtel, to set up payments banks and proposed such licences 'on tap' in future.
Aug 20, 2015 at 11:23 | Source: Moneycontrol.com
The most exciting part of the issuing of payment bank licences is no one knows how business models will evolve.
Aug 19, 2015 at 21:41 | Source: PTI
Payment banking licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), internet banking, facilitate money transfers, and sell insurance and mutual funds. They can issue ATM/debit cards, but not credit cards.
Aug 19, 2015 at 21:08 | Source: PTI
The company said with over 90,000 'M-Pesa' agents, it is already providing people in remote areas a convenient way to transfer money and make payments.
Jul 27, 2015 at 08:56 | Source: PTI
CBDT has asked its investigation and regular assessment ranges across the country to "quickly" collect the data and submit them so that RBI can take a final view on the grant of licences to eligible parties.
Jul 24, 2015 at 11:36 | Source: Reuters
IDFC Ltd said on Friday the Reserve Bank of India had granted banking licence to the financial company, making it the second lender to enter the banking sector after more than a decade.
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Economy  

Source:Calcutta Telegraph News - Mumbai, July 4: The Reserve Bank of India (RBI) today said it would issue guidelines for both on-tap and niche banking licences this fiscal, keeping the hopes alive for those who had missed out in the previous round. RBI deputy governor R. Gandhi today said

7.03 PM Jul 7th 2014

navy

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L&T Finance  

WILL ZOOM ON GETTING BANKING LICENCE

4.06 PM Jul 7th 2014

zarirptl

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2 Followers

IFCI  

this news http://t.in.com/3IwA as this shares sentiment was bank licence

5.20 PM Jul 6th 2014

ruperi

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5 Followers

IDFC  

This is like sleeping horse stock, once it start it will give you 4 times return. As it has banking licence and they no need to opn branches like other banks. They will provide loans to infrastructure projects only. In this budget all focus will be on development Infrastructure of country. so we

7.27 PM Jul 4th 2014

vaibhav8780

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L&T Finance  

banking licences guidelines may get issued soon , let`s hope it makes some positive difference to this stock

3.47 PM Jul 4th 2014

naileshksha
h

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Sundaram Fin  

apply for a banking licence...

2.52 PM Jul 4th 2014

acecomments

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ONGC  

why ongc is not focussing on banking licence n multi brand retail

10.58 AM Jul 1st 2014

sunnysensex

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IFCI  

What kind of Budgetory support can be provided by GOI, apart from giving it a banking licence, so that it can raise cheaper funds?

3.16 PM Jun 30th 2014

Analyst10

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IFCI  

disinvestment stack in national stock exchange and full stack disinvestment in ifci financial serves. Which improves company`s balance sheet. Also it is strong candidate to get banking licence in next phase. Looking at all these reasons it looks downside risk in this stock is less and upside is more. Once

2.41 PM Jun 26th 2014

Nucleus Softwar  

New products lances new bank licence benefit nuc software.

2.40 PM Jun 26th 2014

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Aug 21, 2015 at 21:12 | Source: FirstPost
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