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Bandhan Bank to continue with its holding company"We as a group want to be a full-service institution and aim to provide customers financial products such as insurance and mutual funds, be...- Axis, ICICI, Kotak may have to form non-operative financial holding companiesFinancial and banking experts are still divided over the applicability of the NOFHC structure for legacy banks. While it would ring-fence b...
- Private-sector lenders may have to float NOFHC if they intend to own more than 20% in insurance or mutual fund businessesFor new entities, the experts are in favour of the holding company structure for banks with multi-line businesses.
- Equitas, IDFC, Ujjivan jump as RBI panel recos may collapse holding co discountThe central bank’s panel on private banks has backed the continuation of Non-Operative Financial Holding Company (NOFHC) as the preferred s...
- Tracing the evolution of bank licensing in IndiaFollowing a discussion paper on “Entry of New Banks in the Private Sector”, final guidelines issued in 2013 mandated banks to be set up thr...
- New RBI norms might force banks to reduce their holdings, change business modelsThe new draft norms mean that NBFCs owned by banks like HDB Financial Services Ltd is by HDFC Bank cannot continue as a wholly owned subsid...
- RBI bars Bandhan Bank from opening new branches, freezes CEO's compensationThe central bank went ahead with the move after the bank failed to adhere to a key licensing condition.
- Minimum Rs 500 crore capital requisite for new on-tap license to set up private bank: RBILast year, RBI approved the formation of 20 new institutions — small and payments banks — to improve disbursal of small-ticket loans and se...
- Regulatory platform for banks is stronger and stable vs NBFCs: Sanjiv BajajRBI is increasingly tightening on larger NBFCs, bringing them in a variety of ways closer to banks. It is not a cake walk.
- Magma Fincorp stock up 6% on plans to apply for bank licenceAfter surging nearly 9 per cent in intra-day trade, the stock finally ended the day at Rs 90, up 6.57 per cent from its previous close on t...
- Spice Group to apply for banking licence, in talks to rope in Singapore investorSpice Group will apply for a banking licence in India and is in talks with an unnamed bank in Singapore to offer a stake in the venture
- Aditya Birla Nuvo to seek licence from RBI for setting up bankAditya Birla Nuvo today said it will apply to Reserve Bank of India (RBI) for seeking a bank licence.
- SREI Infra, Edelweiss Financial to seek licence from RBI for setting up bankREI Infrastructure Finance and Edelweiss Financial today said they will apply to RBI for seeking bank licences.
- Tourism Fin Corp to seek licence from RBI for setting up bankTourism Finance Corporation of India Ltd (TFCI) today said the board has approved a proposal to seek licence from RBI for setting up a bank.
- IDFC to seek licence from RBI for setting up bankInfrastructure financing company IDFC today said the board has approved a proposal to seek licence from RBI for setting up a bank
- Individuals can't form group to set up NOFHC, norms soon: RBIThe Reserve Bank today said new bank promoters can hold only up to 49 per cent in the proposed non-operative financial holding company
- Sebi, Irda views on holding co structure to be final: RBIFaced with queries on regulatory overlap from potential new bank applicants, the Reserve Bank today said that while it has prescribed the "...
- L&T Finance front runner for new bank licence: JPMorganJPM feels the stock is fully valued at current levels and near-term catalysts and rate cut possibility provide a strong support for the sha...
- NBFCs move higher on RBI’s final guidelines for bank licensesShares of NBFCs and brokerages were in action after the RBI released the final guidelines for new banking licenses.
- RBI releases final guidelines for new bank licenseRBI released final guidelines for issuing new bank licenses on Friday, paving the way for corporate houses to enter the banking sector.
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