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Category Archives: Bank
Will RBI disclose “Sanction Mechanism” to enforce sanctity of Banking license conditions?
The opening up of a licensing window for Private Banks in India which has attracted 26 applications has also raised a debate on whether the new licenses are beneficial to the economy. RBI intends to impose “Financial Inclusion” and “Priority … Continue reading
Posted in Bank, RBI
Tagged bank, financial inclusion, india, license, priority sector lending, RBI
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Not all Eligible applicants to get Bank License
Governor of RBI has clarified that out of the 26 applications received by RBI for new Banking license, not all otherwise eligible applicants will be granted the license. RBI has also clarified that it would take about 3-4 months for … Continue reading
Posted in Bank, RBI
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New Bank Licences-Make Cyber Crime Insurance Mandatory
The applications received by RBI for new Bank licenses and the possible political push for issue of licenses before the next elections have raised a serious concern in the market that undeserving companies with political connections may some how make … Continue reading
Posted in Bank, Cyber Crime, RBI
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“Deep Pockets” need not be the sole criteria for Bank licenses
A day after the announcements of the 2013 Banking license aspirants, debate has started on whether RBI will dilute its norms to favour any of the licencees either before or after the granting of the license. The statement of the … Continue reading
Posted in Bank, RBI
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Banking Licenses and Public Sector aspirants
The list of 26 new Banking license aspirants provide an interesting contrast and a challenge to RBI to ensure that the long term Banking policies set by RBI will be adequately served by the right choice of licensees. Initially, it … Continue reading
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New Banking License-Let’s Remember Gandhian Principles of Banking
Reserve Bank of India has released the list of 26 Banking license applicants who have sought licences under the new licenses to be released. The list of aspirants is as follows. 1. Aditya Birla Nuvo Ltd., Mumbai. 2. Bajaj Finserv … Continue reading
Posted in Bank, RBI, Uncategorized
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