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BANK LINCENCES
RBI allows banks without ATM network to issue debit cards with bigger banks as sponsorsThe Reserve Bank of India has permitted banks without ATM network to issue debit cards in tie-up with a bank that has its own network as it...- Election commission allows RBI to announce new bank licencesRBI had sought the EC's approval to issue new bank licences to ensure the process would not clash with the code of conduct ahead of polls.
- Meeting between IMG and Loop investors likely in mid of SeptemberA meeting is likely by mid of this month between Khaitan Holdings, an investor in Loop Telecom, and an inter-ministerial group.
- Indiabulls Financial Services to bid for banking licenceIndiabulls may choose a new name for its banking venture as it wants to begin on a clean slate.
- New licences will not impact margins of banks: Hemindra Hazari, Nirmal Bang Institutional Equities"If a very few bank licences are given out, which is the expectation, I really do not see the margins of banks coming down," says Hemindra ...
- FM expects RBI to speed up process of new bank licencesP Chidambaram today expressed the hope that Reserve Bank would expeditiously formulate guidelines for setting up new banks.
- Issue of new bank lincencesThe rules for new banks should promote safety and push inclusive banking.
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