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VAYA FINSERV
Marginal farmers and business get reason to cheer as RBI grants licenses to 10 small banksAmong those that bagged licences are Au Financiers, Ujjivan Financial, Utkarsh Micro Finance and Janalakshmi Financial, run by a former Cit...
17 Sep, 2015, 01.22 AM IST
Sun Pharma's Dilip Shanghvi, Future Group's Kishore Biyani among payment bank license applicantsRBI has received as many as 72 applications for ‘small finance banks’ and 42 applications for ‘payments banks’ — entities that are aimed at...
05 Feb, 2015, 05.11 AM IST
Reliance Industries, Aditya Birla Group, Bharti Airtel & others seek RBI licence to set up payment banks“RBI has received at least 80 applications for both payments and small banks,” said an official with knowledge of submissions.
03 Feb, 2015, 04.00 AM IST
SKS board clears proposal to seek small bank permitThe RBI had allowed existing NBFCs, MFI-NBFCs, MFIs and local area banks with 10 years of experience to apply for conversion into a small b...
30 Jan, 2015, 11.35 AM IST
After founder Vikram Akula, SKS to seek small bank licenceSKS Microfinance, the country’s only listed micro lender, plans to convert itself into a small bank as it seeks to reduce cost of funds.
09 Jan, 2015, 01.10 PM IST
Vikram Akula plans a second innings in microfinance with Vaya FinservVaya Finserv, a business correspondent for banks, will apply to become a small bank to commence lending and deposittaking activities in unb...
11 Dec, 2014, 03.58 PM IST
Vikram Akula buys 26 per cent stake in start-up Vaya; eyes small bank licenceAkula, once seen as the poster boy of microfinance in India, has joined the Hyderabad-based business correspondent firm as Chairman.
10 Dec, 2014, 09.52 PM IST