Mumbai: Industrialist Anil Ambani on Tuesday said that his group's financial services arm Reliance Capital would explore all possible opportunities to enter the banking sector and plans to unlock value in all its major businesses. The banking entity of the group could be called Reliance Bank, Ambani told the shareholders of Reliance Capital. Replying to shareholders' queries on whether the company would consider the issue of bonus shares and a...
12:20 PM, Sep 27, 2011
Mumbai: The Reserve Bank of India (RBI) on Monday unveiled the draft guidelines on new banking licences, pegging the minimum required capital to set up a bank by a corporate at Rs 500 crore while limiting the foreign shareholding at 49 per cent. "The minimum capital requirement will be Rs 500 crore. Subject to this, the actual capital to be brought in will depend on the business plan of promoters,"...06:30 PM, Aug 29, 2011
Bankers say there will be more money in the hands of the common man. ...04:08 PM, Jul 06, 2009
India has one of the highest personal savings rates in the world. ...09:28 AM, Nov 17, 2008
SBI eyes recruitment while global banks fight recession worries. ...08:44 AM, Nov 17, 2008
UPA is now focussing on greater economic liberalisation in pension. ...03:53 PM, Jul 23, 2008
Finance Minsiter P Chidambaram has described India’s banking sector as the driving force of economic reforms. ...02:36 PM, Jan 30, 2007
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