Banking License

Why did Grover send a legal notice to Kotak Mahindra Bank? When did BharatPe's issues really start? Moneycontrol sums up all that has happened

Bajaj Finance: What explains premium valuation when Q3 show is weak?

BFL’s pricey valuation implies that the Street is looking beyond FY21 and assigning high multiple for its future initiatives

Weekly Tactical Pick | LIC Housing Finance — Rock-bottom valuation makes it attractive

HFCs are expected to see growth reviving faster than other NBFCs. LIC Housing Finance is one such case

Ideas for Profit: Bandhan Bank posts stellar Q1 performance; buy for the long term

Bandhan Bank’s scale, experience and history in micro loans, combined with superior return ratios from the general banking business, strong asset quality and more than adequate capital should support premium valuations

Tough to change RBI's banking licenses norms now: EY

Ashvin Parekh, E&Y says it is unlikely that rules or guidelines will be changed because that would be a very lengthy process.

Indiabulls to cash in on festivals; hopes for bank licence

Indiabulls Housing Finance hopes to capitalise on the upcoming festive season to boost its performance. The housing finance entity is also hopeful to get a banking license too.

IFCI may jump 50%, says Aashish Tater

Aashish Tater, Head of Research of Fortunewizard.com feels that IFCI may add 50% on the upside from current levels on the talks of banking license.

Aashish Tater's multibaggers: IFCI, Indian Overseas Bank

Aashish Tater of Fortunewizard.com feels IFCI will get the banking license by either merging with LIC Housing or Tourism Finance. Indian Overseas Bank will be able to raise USD 500 mn through ECB for five and half years for expansions abroad, besides government money at Rs 78.56 coming in July, thus strengthening its balance sheet.

Stocks in news: YES Bank, Coromandel Intl, SpiceJet, Hero

3M India | Andhra Paper Paper Mills | Coromandel International | SpiceJet | L&T | CRISIL | Adhunik Metaliks | Diamond Power | Best Eastern | Jet Airways | Tata Motors | Hero MotoCorp | YES Bank and Dabur are stocks, which are in the news today.

Kumar Mangalam Birla resigns from RBI Board

Aditya Birla Group's Kumar Mangalam Birla resigned from the board of the Reserve Bank of India; weeks after his group firm applied for a banking license from the RBI.

How will RBI select entities for new bank licence?

Experts discuss different categories of candidates that have applied for new bank license and who among them are most likely to achieve it.

5600 decent support for Nifty, says Sandeep Shenoy

The level of 5,600 on the Nifty is a decent support for medium as well as the long-term says, Sandeep Shenoy, Executive Director, Institutional Equities, Anand Rathi Financial Services in an interview to CNBC-TV18.

Eyeing 9000 White Label ATMs in 3 years: Muthoot Finance

George Alexander of Muthoot Finance told CNBC-TV18 that they had not applied for a banking license yet. He added, that the company will install 9000 White Label ATMs over the next three years.

Magma Fincorp rises 9% on banking foray hopes

Kolkata-based non-banking finance company Magma Fincorp is also in the race to get banking license. The stock rallied 9 percent.

Reliance Capital eyes banking license; shares soar 5%

"We will apply for license in partnership with Japan-based Sumitomo Mitsui Trust Bank and Nippon Life, which hold 4-5 percent stake in proposed bank," Reliance Capital said in its filing with the BSE.

LIC Housing to apply for banking license, stock up

Media reports suggest that the LIC Housing has decided to apply for a banking license. The company's board has cleared the proposal.

All set to comply with RBI norms on banking license: IDFC

IDFC is all set to meet the requirements of RBI guidelines for new banking license, the most important step being creation of non-operating holding finance company.

IDFC to apply for banking license, shares gain 2%

The board of directors of IDFC has approved a resolution for making an application to the Reserve Bank of India (RBl) for obtaining a banking license, based on the guidelines for licensing of new banks in the private sector dated February 22, 2013 and the associated clarifications issued by RBI on June 03, 2013.

Don't buy Just Dial now; Bata good long-term bet: Mehraboon

"We would possibly stay away from Just Dial for the time being, allow the stock to settle and then take a call on it," Mehraboon Irani, Nirmal Bang Securities said.

Bata trading cheap in midcap cluster, buy: Motilal Oswal

Stock indices would continue to consolidate more in absence of any clear trend, Gautam Sinha Roy of Motilal Oswal Securities said. The brokerage house is bullish on Bata India.

ICRA explains: How NBFCs will gain from banking licences

Vibha Batra of ICRA believes that priority sector targets and current account/saving account (CASA) build up will be key to the success of these NBFCs.

Vikram Pandit, Hari Aiyar to buy stake in JM Financial

Vikram Pandit and Hari Aiyar will each buy 1.5% stake in JM Financial. Pandit will also be roped in the JM Financial's proposed banking and NBFC entities as non-executive chairman

Biased towards rate sensitives, cyclicals than defensives

The market is unlikely to fall significantly even if the Budget disappoints, says Dhiraj Sachdev, Vice President & Fund Manager, HSBC Global Asset Management.

Not interested in banking licence: Indiabulls Financial

“Indiabulls financial services book grew approximately by 30 percent from Rs 25,000 crore same time last year to Rs 32,500 crore,” says Gagan Banga, CEO of Indiabulls Financial Services. In an interview to CNBC-TV18, Banga says that the company has managed to beat street expectations by reducing borrowing cost and bringing down cost.

Frenzy in finance shares continues; Bajaj Fin +6%

Investors continue to pile on to shares of non-banking finance companies most likely to get a banking license, and private banks that appear to be potential acquisition target.