Sep 12, 2016 at 13:18 | Source: PTI
Post the transfer, Reliance Capital would be applying to the RBI for registering itself as a Core Investment Company (CIC) and this would also facilitate the application of a banking licence, as and when the apex bank's policy permits.
Sep 03, 2016 at 13:02 | Source: PTI
Chennai-based Equitas Holdings had received the Small Finance Bank licence from the Reserve Bank in July.
Aug 19, 2016 at 19:30 | Source: PTI
Ujjivan Financial Services has submitted an application to RBI for a small finance bank licence for its subsidiary.
Aug 11, 2016 at 18:14 | Source: PTI
"We want to start lending on our own by end of March, for which we will turn into an NBFC, and will eventually apply for Small Finance Bank licence in around two years, once RBI opens it up on tap," its founder and chairman Paresh Rajde told reporters on sidelines of an event here.
Aug 08, 2016 at 14:00 | Source: PTI
Reserve Bank of India said last week that it will permanently keep open the window for applying for universal bank licences, ending its practice of allowing licence applications only during specific periods.
Aug 07, 2016 at 14:14 | Source: PTI
Coupled with the capital constraints of public sector banks (PSBs) owing to non-performing assets, their market share can go down by up to 10 percentage points in the next five years from the present 70 percent, it warned.
Aug 02, 2016 at 09:49 | Source: CNBC-TV18
In addition to Bharat Financial's Non-executive Chairman, Digant Haria of Antique Broking also spoke and he said the size of the company will matter when an NBFC wants to become a bank.
Aug 01, 2016 at 18:20 | Source: CNBC-TV18
The Reserve Bank Monday released guidelines for 'On Tap' licensing of private sector universal banks. The guidelines state individuals with 10 years senior-level experience are eligible to promote a bank but large industry houses have been excluded as eligible entities, although they can invest up to 10 percent.
Aug 01, 2016 at 18:08 | Source: PTI
As per the "Guidelines for 'on tap' Licensing of Universal Banks in the Private Sector", the initial minimum paid-up voting equity capital for a bank should be Rs 500 crore and thereafter, the bank should have a minimum net worth of Rs 500 crore at all times.
Jun 07, 2016 at 14:14 | Source: PTI
RBI Governor Raghuram Rajan said he is not "overly perturbed" by surrender of Payments Bank licences by some companies but indicated that there could be amechanism to ensure that entities apply for licences after due diligence as there is a cost involved in vetting them