India Post receives payments bank licence from RBI to start services
In the latest, Reserve Bank of India has issued payment bank license to India Post to start with banking operations commercially under the permit.
Jan 28, 2017, 19:42 PM IST
RBI allows more foreign stake in private sector banks
The Reserve Bank of India has allowed foreign banks higher shareholding in private sector lenders in the country under exceptional situations as it tweaked the guidelines, against the backdrop of norms on licensing of new banks.
May 13, 2016, 13:03 PM IST
Bandhan gets bank licence from RBI; to launch ops on August 23
Micro lender Bandhan on Wednesday said it has received licence from RBI to start a full-fledged bank and will debut in August with up to 600 branches focusing on retail and small businesses segments.
Jun 17, 2015, 16:09 PM IST
Banking, securities cos' IT spends to rise 15% to Rs 53,600 cr
IT spends by domestic banking and securities companies may grow by 15 percent to Rs 53,600 crore this year and rise further on expectations of more companies using RBI's 'on-tap' bank licensing, global technology consultancy Gartner said Tuesday.
May 19, 2015, 17:12 PM IST
Sumitomo Mitsui may take up to 10% stake in Reliance Bank
As it awaits final RBI guidelines to apply for a universal banking license, Reliance Capital will consider giving up to 10 percent stake to its newly-signed strategic partner Sumitomo Mitsui Trust Bank of Japan in its proposed bank.
Dec 28, 2014, 15:19 PM IST
