Bank Licence

Corporate-owned banks is an idea whose time has come

India needs loan growth in double digits for GDP to grow above 6 percent. For that, new banks are necessary and the most viable model is corporate-owned banks

When connected lending led to bank failures

As experts and policymakers engage in debate and discussion over the new guidelines set by RBI’s Internal Working Group, it is interesting to go back in history when connected lending led to bank failures

Why payments, small banks will revolutionise banking system

While payment banks, driven by mobile connections and technology, will extend the liabilities side of the business by making banking accessible to everyone, small finance banks will enable more focused lending to small businesses and borrowers, thus extending the assets base of the banking system.

Outgoing Wipro CFO awaits positive response on bank licence

Wipro‘s outgoing CFO Suresh Senapathy spoke to CNBC-TV18‘s Manasvi Ghelani on the application for bank licences and the challenges he faced.

Inflation target becomes govt's job after FM, RBI meet

The Reserve Bank of India (RBI) has agreed to the proposal that the right to decide on an inflation target for the economy will become the government‘s mandate and that the central bank would focus on achieving it, Finance Minister P Chidambaram said while addressing a joint press conference with governor Raghuram Rajan.

Jalan panel on bank licences to hold last meeting on Feb 25

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold its last meeting on Tuesday.

Recap: Cyrus Mistry's first year at helm of Tata Group

While former chairman Ratan Tata's influence is hard to miss, especially as the Tata Group forayed into sectors such as aviation, Mistry's touch could also be seen in the group's decision to give up on chasing big dreams which could potentially weigh the group down.

Remain positive on banking space; keen on licence: L&T Fin

Speaking to CNBC-TV18, president & whole time director N Sivaraman said if there is an opportunity, and the Reserve Bank is favourably disposed, then they will definitely look at acquiring a bank licence.

Hindalco has done no wrong; nothing to worry about: Birla

The noted industrialist spoke after meeting Finance Minister P Chidambaram and Revenue Secretary Sumit Bose in the North Block office.

Aim to reduce NPAs to 8% in FY14: IFCI

Getting bank licence would add value to IFCI, but in any case it is not end of the world as the company has expertise in various fields. Of the recent assets that have turned NPA, some are related to the general stress in the economy. Most of them are backed by good securities and we aim to bring them out of NPA

Have 50% chance of getting banking licence: Srei Infra

Hemant Kanoria, CMD, Srei Infrastructure believes that the company has 50 percent chance of getting banking licence.

RBI names 26 applicants for new banking licence

The Reserve Bank of India (RBI) received 26 applications from different institutions, which are in the fray to float banks. The last date of application for a new bank licence ended on Monday.

19 cos eyeing bank licence; L&T Fin strong contender

Around 19 companies are eyeing coveted back licence. While L&T Finance is a strong contender, likes of Reliance Capital,Shriram Capital also in race.

Videocon to apply for new banking licence on Tuesday

Videocon will be applying for a banking licence on Tuesday. Talking about the contours of how it will be applying, sources told CNBC-TV18 that Videocon will create a separate subsidiary and will be roping in a foreign partner.

Among group cos, L&T Fin may apply for bank license: CMD

Among group companies, L&T Finance Holdings is most likely to apply for banking license, CMD YM Deosthalee clarifies.

RBI will address concerns over new bank licences: FM

Finance Minister P Chidambaram today said RBI will issue clarifications on new bank licence guidelines as being sought by prospective private sector corporates.

Diesel hike to be modest; 50 bps cut on cards: Ambit

Saurabh Mukherjea, head of equities, Ambit Capital explains, in an analysis of the market on CNBC-TV18, that he does not foresee any possibility of an aggressive hike in diesel prices and expects the government to opt for modest hikes.

Rs 13k cr in assets, focus on SME favour licence: Religare

Religare Enterprise's group CEO Shachindra Nath, explains on CNBC-TV18, that the company stands a high chance of being granted a licence as it has Rs, 13,000 crore in assets and is focused on the SME sector.