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BANKING LICENCE NORMS
Arunachal rolls out major deregulation drive to boost investmentArunachal Pradesh has significantly eased business regulations. The state has streamlined processes across 51 areas, including land, enviro...- SpaceX IPO: Indians queue up to invest more in US stocksSpaceX's blockbuster initial public offering has ignited significant interest among Indian investors in US stocks, with trading volumes on ...
- Labour Code set to bring long-term gains, but transition may test India IncIndia's new labour laws promise easier business operations ahead. However, companies face a complex transition period. Navigating different...
- Govt imposes import curbs on silver amid push to tighten precious metals inflowsNew government restrictions target silver imports. The Centre is also tightening rules for duty-free gold imports by jewellery exporters. T...
- India must leverage its digital verification architecture to evolve into a trust-based economyIndia faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Nirmala Sitharaman highlighted this ...
- Paytm rules out NBFC licence plansPaytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for ...
- RBI issues revised norms for entities dealing in forexThe Reserve Bank of India has introduced revised norms for foreign exchange dealings, ceasing the issuance of fresh licenses for money chan...
- RBI cancels Paytm bank license, to approach high courtThe Reserve Bank of India has taken decisive action against Paytm Payments Bank by cancelling its banking licence. This means that the bank...
- Gold loan startups find new shine; Infy Q4 profit jumpsHappy Friday! Gold loan fintechs are moving towards building their own loan books. This and more in today's ETtech Morning Dispatch.
- Tweak sought in capital norms for urban co-operative bank licenceIn an effort to invigorate the co-operative banking landscape, the Reserve Bank of India is contemplating a significant reduction in the mi...
- RBI returns Ujjivan Small Finance Bank's application for universal bank licenceThe Reserve Bank of India has returned Ujjivan Small Finance Bank's application to become a universal bank. The central bank cited the need...
- IDFC taking steps to meet the banking licence normsIDFC said in a BSE filing that the institution would endeavour to bring down the foreign shareholding to below 50 per cent in case it gets ...
- Bank norms not discriminatory towards large corporate houses: Kumar Mangalam BirlaKumar Mangalam Birla said the new bank licence norms announced by the Reserve Bank are not discriminatory towards large corporate houses.
- RBI to issue clarifications on new bank licence normsThe Reserve Bank of India said it would publish clarifications related to the recently released final rules on bank licences on its website.
- Important to keep bank away from group activities: Sam Ghosh, Reliance Capital" We are very happy that the RBI has come out with the guidelines which are obviously very progressive."
- Competition will intensify on new bank licence norms: Ajay Srinivasan, Aditya Birla Group"If the NBFC has a plan that is aligned with the bank, I see them accelerating that if they have an intent to get into banking," says Ajay ...
- RBI should come up with entry norms for issuing new banking licences: C RangarajanThe RBI should come up with entry norms for issuing new banking licences, the chairman of Prime Minister's Economic Advisory Council C Rang...
- Finance ministry to clear norms for new bank licences next weekThe finance ministry will clear norms for new bank permits by next week, potentially setting the stage for the RBI to roll out licences aft...
- No differences with RBI on new bank licence norms: PranabFinance Minister Pranab Mukherjee today termed as "conjectures and media speculations" the reported differences between him and the Reserve...
- RBI may have to tighten banking licence normsThe Reserve Bank of India may have to revisit the present norms on new banking licence, or even tighten them.
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