"After the initial stabilisation period of five years, and after a review, RBI may liberalise the scope of activities of the small finance banks," the central bank said.
Food regulator FSSAI today issued a draft guidelines for direct selling companies engaged in food business, proposing mandatory licenses from either central or state authority, besides spelling out mechanisms for consumer grievance redressal and product recalls.
In order to enable banks to leverage their branch network for increasing insurance penetration, it has been decided to permit banks to undertake insurance broking business departmentally.
With the Securities and Exchange Board of India (Sebi) giving its nod to the Real Estate Investment Trusts (REITs), the industry wants the regulator to relook at key parameters for it to succeed.
CNBC-TV18‘s Priyanka Ghosh reports, quoting sources, that while government mulls taller buildings with an FSI of 4, experts fret over the infrastructure that would be needed to support this development.
CARE Research has come out with its report on "Draft guidelines to raise provisioning; despite up-gradation PSU banks remain stressed". According to the research firm, the increased promoters‘ contribution and personal guarantee may temper the pace of restructuring, as only the genuine cases will be referred for restructuring during F13e-FY15e.
Ketan Dalal of PricewaterhouseCoopers (PwC) analyses, on CNBC-TV18, the implications of the committee to prepare fresh norms on GAAR announced by the Prime Minister
Finance Ministry's committee on controversial tax proposal General Anti Avoidance Rules (GAAR) today decided to modify the draft guidelines by reducing the number of illustrative examples.
Even though it was a short week, the market performed well gaining 6% this week. However, it was the RBI that delieverd two big announcements making it a big week for corporates.
State-run lender Power Finance Corporation will send its comments on the draft guidelines for business houses to set up commercial banks to the Reserve Bank of India (RBI) in the next couple of days.
Yesterday, the Reserve Bank of India released the Draft Guidelines for "Licensing of New Banks in the Private Sector". Experts speak about the contentious issues in the guidelines and give their outlook going forward.
CNBC-TV18’s Latha Venkatesh talks to V Vaidyanathan, Vice Chairman & Managing Director of Future Capital and Ak Purwar, industry expert to get their reaction and talk about the effect of the Draft Guidelines for licensing of new banks in the private sector.
The Reserve Bank will announce draft guidelines for giving new banking licences in the next few days, the Finance Ministry said on Monday.