Small finance bank licences next month: Raghuram Rajan
Rajan said that RBI would announce small finance bank licences next month.
Aug 20, 2015, 11:16 AM IST
Reliance, Airtel, Vodafone, eight others get RBI nod to set up payments banks
Payments bank licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds.
Aug 20, 2015, 09:30 AM IST
Prasad wants Department of Post to become vehicle of financial inclusion
Armed with a payments bank licence now, the postal department should gear up to become a vehicle of financial inclusion in the country, Communications and IT Minister Ravi Shankar Prasad said Wednesday.
Aug 19, 2015, 20:16 PM IST
Payments banks important step; to expand rural banking: FM Jaitley
RBI granting payments bank licences is a significant step which will bring in more money into the system and spread the reach of banking to rural areas, Finance Minister Arun Jaitley said Wednesday.
Aug 19, 2015, 20:11 PM IST
Payment bank can be asset origination opportunity: Kotak
Kotak Mahindra Bank, which is in a tie-up with Bharti Airtel for niche bank licence, looks at payment bank as an asset origination opportunity.
Feb 01, 2015, 16:17 PM IST
RBI extends deadline for niche banks' licensing applications
"Keeping in view the difficulties expressed by various parties, it has been decided to extend the last date of receipt of applications to February 2, 2015," RBI said.
Jan 01, 2015, 21:52 PM IST
Small-bank rules accommodative,to attract applicants: Analysts
Analysts have welcomed the RBI's final guidelines for setting up small finance banks (SFBs) and payments banks (PBs), saying it will generate good interest in the industry as the norms are accommodative.
Nov 28, 2014, 18:04 PM IST
Suitors line up for small finance and payment banks
With RBI issuing final licensing norms for small finance and payment banks, a host of potential suitors including Shriram Capital and Muthoot Finance on Thursday evinced initial interest in setting up such niche entities.
Nov 27, 2014, 22:11 PM IST
RBI issues final norms for payment, small finance banks
The move, aimed at deepening financial inclusion and boost saving habits, comes within seven months of RBI issuing two full-fledged banking licences in April this year.
Nov 27, 2014, 22:08 PM IST
Financial inclusion: RBI releases final guidelines for licencing of niche banks
Minimum paid-up equity capital for both Payments Banks and Small Finance Banks has been set at Rs 100 crore.
Nov 27, 2014, 18:45 PM IST
RBI to release Payments Banks guidelines by Nov-end: Mundra
The Reserve Bank Monday said final guidelines on Payments Banks are expected to be issued by this month-end, while norms for Small Banks may be out next month.
Nov 17, 2014, 17:38 PM IST
Final norms on small, payments banks by November: RBI
The Reserve Bank will issue final guidelines on small and payments banks by end November, aimed at expanding the banking space and paving way for corporates to enter these two segments.
Sep 30, 2014, 15:00 PM IST
