Banking Licence

RBI Governor confirms one banking licence application rejected, name not disclosed yet

So far, AU Small Finance and Ujjivan Small Finance have submitted an application to the RBI for a universal banking licence, while Fino Payments Bank has applied for a small finance bank licence.

The Adoor Co-operative Urban Bank gets RBI nod to be a non-banking institution

As per release, the central bank cancelled banking licence dated January 03, 1987 granted to The Adoor Co-operative Urban Bank.

Allowing corporate ownership in banks would be a political hot potato

The RBI has laid down clear guidelines on bank ownership

Bajaj Finance Q4 show stable, progress on digital plans will drive the stock

Bajaj Finance's funding profile keeps getting better and is well diversified

More banking does not need more banks

It would be a giant leap of faith to believe that the new banks backed by return-seeking private capital will target the segments and geographies left unserved or underserved by the established large banks

RBI imposes withdrawal limit of Rs 3,000 on Kapol Bank customers

The restrictions do not mean that the bank's licence has been cancelled but the restrictions will continue till its financial position improves.

IB watching 500 bank branches for alleged money laundering

The Intelligence Bureau (IB) is keeping a close vigil on as many as 500 bank branches across the country, following reports of rampant money laundering with the connivance of bank officials, reports CNBC-TV18, quoting sources.

Mkt betting on L&T Fin, IDFC for new banking licence

But there is no reason why Jalan has to be so careful. He could well just say that all these companies are financially sound and now RBI should take the call on whom it should give its licence to.

Buy IDFC; L&T Fin's valuation, return ratio high: Kotak

Nischint Chawathe, NBFC Analyst, Kotak is betting on IDFC, which is trading below book. He says over the next three years even if the finance company gets converted into a bank and sees pressures on Return on equity (RoE), it would still be a good buy.

Opening Bell: Will Nifty disregard positive Q2 GDP today?

India's Q2 gross domestic product (GDP) failed to provide any fireworks as the economy grew at 4.8 percent- slightly better than the 4.4 percent growth in the first quarter

Birlas bullish on banking foray; look for minority partners

Sources say that the group is looking at investing upto Rs 700-800 crore for its banking arm and is firming up details including professionals to be hired.

Separate industry and banks when giving new bank licences'

The standing committee on finance wants minimum capital to be doubled to Rs 1000 Cr; terms existing fit & proper criteria as subjective.

Why India's corporate bigwigs want to be bankers

From Tata, Birla and Ambani to ambitious financial services entrepreneurs, everyone sees money in a banking licence. But cut to the core, and what you find is a clear play on the India growth story, and not much else

Why India needs more banks

The business of banking is really sticky and the sector clearly needs competition

Direct transfer key step for financial inclusion: Takru

Rajiv Takru, secretary, Financial Services, Government of India says the problem of non-availability of bank accounts to a huge chunk of population will be combated by the fresh banking licences.

Muthoot may turn 2,000 gold-loan outlets into bank branches

The largest pure-play gold mortgage player Muthoot Finance, which has applied for banking licence, has said it can easily launch commercial lending business with as many as 2,000 branches.

What is in new banking licence to attract companies?

The news of issuance of banking licenses to corporate and non-bank financial entities evoked mixed response. Let me analyse the need for more banks from the perspective of different stake holders, says Moses Harding, Head - ALCO and Economic & Market Research, IndusInd Bank.

RBI not to grant new bank licence to all eligible companies

The Reserve Bank of India will not grant new bank licences to all eligible companies, which have applied for the same, said the central bank governor Duvvuri Subbarao on Thursday in Chennai. A group of 26 companies had applied for new banking licence from both public and private sectors. The last date of application was on July 1.