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PRIVATE BANKING LICENCE
Dhan launches US stocks, ETFs investing via GIFT City routeThe offering is being provided through Raise IFSC Private Limited, Dhan's wholly-owned subsidiary and a member of India INX operating under...
Jab Anand Mahindra met a young MBA: M&M Chairman recalls first encounter with Padma Bhushan Uday KotakIndustrialist Anand Mahindra reminisced about his first meeting with Uday Kotak, a young MBA graduate who pitched a bill discounting idea t...
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
TVS Venu, Shruti Lohia-promoted firms to buy minority stakes in Jana Small Finance BankJana Small Finance Bank is raising Rs 728 crore by selling equity shares, with Shruti Lohia's firm set to acquire around 4% and TVS Venu Gr...
SIS Ltd eyes Rs 20,000 crore revenue in FY27; targets 5 lakh workforce by 2030SIS Ltd targets Rs 20,000 crore revenue by FY27. The security and facility management firm anticipates strong growth fueled by network expa...
Indian April gold imports fall to near 30-year low as tax demand hits shipmentsIndia’s gold imports in April are set to fall to around 15 metric tons, a near 30-year low, as banks halted shipments following a 3% IGST d...
West Bengal Elections 2026 phase 2 voting begins: Check documents needed, how to vote and other important guidelines you need to knowWest Bengal Elections phase 2 voting: West Bengal is going to the polls today, April 29, 2026, for the second phase. As many as 142 constit...
Peak XV exits One MobiKwik Systems in Rs 130 crore block deal: ReportVenture capital firm Peak XV Partners has exited Indian fintech One MobiKwik Systems. The firm sold its stake for over Rs 130 crore. This e...
One MobiKwik Systems shares soar 20% in two sessions. What’s triggering the sharp surge?MobiKwik Systems shares surged on Tuesday. The Reserve Bank of India approved its application for a Non-Banking Financial Company license. ...
MobiKwik gets RBI nod for NBFC licence, to launch in-house lending armFintech firm MobiKwik has secured a crucial Reserve Bank of India approval for a non-banking financial company license. This paves the way ...
Stocks in news: RIL, IDFC First Bank, Paytm, Sun Pharma, Manappuram FinanceIndian markets faced pressure extending a corrective phase. Key companies like RIL, IDFC First Bank, and Paytm reported their financial res...
AU Small Finance Bank, ICICI Bank top picks as banking sector shows resilience: Siddhartha KhemkaIndia's banking sector concluded FY26 strongly, with credit growth hitting 16.1% and deposits surging 13.5%. Banks aggressively mobilized f...
Six yrs later, migrant workers still trapped in a cycle of exploitationMigrant workers are again facing hardship. Protests erupt over low wages and poor conditions. Government policies lag behind rising costs. ...
RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classifi...
NBFCs eyeing bank tag face a long wait, tighter regulationsAnalysts say NBFCs face their own challenges in terms of the rising cost of funds and higher capital requirements and a bank licence is not...
UAE Exchange and Financial Services applies for banking licenceThe non-banking company is in the business of foreign exchange, outward remittance, money transfer, gold loan, insurance and share trading.
Chidambaram asks RBI to start process for issuing new bank licencesThe FM said the government had written to the central bank to finalise licence guidelines and start receiving applications.
- Uncertainty continues over licences to new private banks
The Reserve Bank on Tuesday said the uncertainty over issuing guidelines for new bank licences is likely to continue for some more time as ...
- Licence to bank: India Inc dresses up for the occasion
Some of India’s biggest business houses such as the Tatas, the Aditya Birla group, the Mahindras, L&T and Religare are bringing on board ve...
- RBI meets CII, IBA, bankers on new private bank licence norms
Taking the process of issuing new private bank licences forward, the Reserve Bank today met stakeholders, including industry body CII, whic...