First set of differential bank licences by month-end: Rajan
The Reserve Bank is all set to issue the first set of differential bank licences -- small finance and payments banks -- by the end of August, a move aimed at promoting financial inclusion.
Aug 04, 2015, 13:09 PM IST
Some new banking licences by August: Raghuram Rajan
The first set of new banking licences will be issued by August, taking the number of such private financial institutions operating in the country to more than 12.
Jun 02, 2015, 21:51 PM IST
Licences of small, payments banks in a few months: RBI
The Reserve Bank is in the middle of processing over 100 applications for small finance banks and payments banks and may issue licences in a few months, a top central bank official said.
Apr 20, 2015, 19:45 PM IST
Future Group seeks payments bank licence; IDFC to partner
Kishore Biyani-promoted Future Group Monday applied for a payments banking licence and will partner in this venture with IDFC, which has already been allowed by RBI to set up a full-fledged bank.
Feb 02, 2015, 21:25 PM IST
India needs more banks, but bigger banks too: Citi India CEO
Jhaveri, CEO of Citi India, also said that banks in India remain smaller than their peers globally and therefore there was a strong case for larger banks.
Nov 23, 2014, 17:36 PM IST
India Post says keen to become a universal bank
India Post is interested in turning itself into a universal bank like many of its peers across the world and a committee under former Cabinet Secretary TSR Subramanian is looking into the matter, a senior department official said Thursday.
Nov 13, 2014, 18:50 PM IST
Eyeing banking, India Post to have 25K branches on CBS by FY16
India Post, which has failed to make the cut during the latest round of bank licensing, Tuesday said it is still hopeful of converting itself into a post bank and the first step towards this will see 25,000 of its outlets on the core banking platform by FY16.
Aug 26, 2014, 22:52 PM IST
MFIs should be given micro credit banking licence: Yunus
Micro finance institutions (MFI) in India need to be given special micro credit banking licence enabling them to raise deposits for the lending requirements, Nobel Laureate and father of micro credit concept Muhammad Yunus said Wednesday.
Jun 11, 2014, 20:24 PM IST
