Oct 15, 2014 at 20:17 | Source: PTI
The Finance Ministry is finalising a Cabinet Note for financial restructuring of the banking and financial sector as also to broad base the debt market to enable corporates access liquidity on long term basis exceeding 25 years so that the burden of interests on them is eased out, he said.
Sep 30, 2014 at 16:13 | Source: PTI
The final norms will allow micro finance institutions, telecom players, non-banking finance companies (NBFCs) and public sector companies eligible to apply for bank licences once RBI invites applications for the same.
Sep 16, 2014 at 14:54 | Source: PTI
The Reserve Bank had earlier issued draft guidelines for payment and small banks and is in the process of finalising the final norms.
Sep 15, 2014 at 21:30 | Source: PTI
The city-based IDFC recently completed its process to bring down the foreign holdings to meet the regulatory requirement of converting itself into a bank, the licence for which was bagged the infra lender in April along with the Kolkata-based microlender Bandhan.
Sep 04, 2014 at 19:33 | Source: PTI
The group said it wants to get into banking space as it would fill up the gap it has in terms of their product offerings.
Sep 02, 2014 at 12:00 | Source: Moneycontrol.com
Sun Pharma and Ranbaxy Labs gained 3-3.5 percent after sources said Drug Controller General Of India (DCGI) reinstated European Union export licence to Ranbaxy's Toansa unit. DCGI had suspended supply from that unit to EU in May.
Jul 21, 2014 at 21:37 | Source: CNBC-TV18
Reserve Bank of India (RBI) sources today told CNBC-TV18 that there will be no relaxation of fit & proper rules when screening applicants for small banks and payment banks.
Jul 18, 2014 at 09:28 | Source: CNBC-TV18
"Reserve Bank of Indias draft guidelines for licensing of both payments banks and small banks is a good news for non banking finance companies (NBFCs) because we see liberalisation," VP Nandakumar, CMD, Manappuram General Finance said.
Jul 08, 2014 at 21:59 | Source: PTI
The company, which received a commercial banking licence in April, plans to start bank operations by October next year. The banking regulations require that a bank should be floated by a domestic entity and it should pare foreign investor holding to 49 percent to run banking services.
Jul 02, 2014 at 18:58 | Source: PTI
Recently, the government took steps to improve India's ranking in ease of doing business. It has de-licensed several defence products for private sector. It has also upgraded the National Industrial Classification Code with a view to make business climate more investor friendly.