Bank Licence

  • RBI gets EC approval to grant new bank licences 01-04-2014 06:34 PM

    New Delhi: Ending weeks of uncertainty, the Election Commission on Tuesday allowed the Reserve Bank of India to issue licences for setting up new banks. "The Commission is of the view that the Reserve Bank of India (RBI) may take necessary action (for grant of in-principle approval for banking licences)...
  • Why India needs more banks 30-07-2013 12:38 PM

    A shortage mentality, probably a relic from our licence-permit raj days, continues to pervade both officialdom and business. A case in point is banking. India is an underbanked country, and we could certainly do with more banks. So when the Reserve Bank of India opened a window for new bank...
  • New bank licences likely by March 31: Govt official 04-06-2013 11:32 AM

    Mumbai: India is likely to give new bank licences by March 31, 2014, Rajiv Takru, secretary of financial services, told a local news channel on Tuesday. On Monday, the Reserve Bank of India (RBI) said it had extended the validity of in-principle approval for new banks to 18 months from...