New Banks

Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, tells Moneycontrol that banking in India is still heavily reliant on personalised touch and digital banking will take time to catch on.

RBI likely to finish scrutiny for new bank licence in 1-mth

The Reserve Bank is likely to complete initial scrutiny of 26 applications for new bank licences in a month, a senior RBI official said.

Amended legislation paves way for new banks next year

Approval to the long-awaited Banking Laws Amendment Bill by Parliament towards the end of 2012 has paved the way for enhanced banking space and may see entry of new players and mergers and acquisitions in the sector in the coming year.

New bank license norms: Religare confident of qualifying

Yesterday, the Reserve Bank of India released the Draft Guidelines for "Licensing of New Banks in the Private Sector". In an interview to CNBC-TV18, Sachindra Nath, group COO, Religare Enterprises said, he is confident that Religare qualifies on most of the norms.