Search Results for: e banking

Banking License Aspirants Should Disclose Business Plans to Public

Posted on July 6, 2013 by Vijayashankar Na

In India, Reserve Bank of India (RBI) is gearing itself to grant fresh Banking licenses. 26 applications are now under the consideration of RBI. The applicants include a diverse set of groups which includes a) A department of the Government of India … Continue reading →

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Will RBI disclose “Sanction Mechanism” to enforce sanctity of Banking license conditions?

Posted on July 6, 2013 by Vijayashankar Na

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 →

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Banking Licenses and Public Sector aspirants

Posted on July 2, 2013 by Vijayashankar Na

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

Posted on July 2, 2013 by Vijayashankar Na

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 →

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Outsourcing security of Banking transactions

Posted on June 15, 2013 by Vijayashankar Na

The recent ATM frauds in Mumbai and elsewhere has re-opened the discussion on the risks arising out of “Outsourcing” in the Indian Banking scenario. The commercial Banks in India have grown so greedy that they are looking at every opportunity … Continue reading →

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Banking Ombudsman Scheme under Review

Posted on April 29, 2013 by Vijayashankar Na

As one of the follow up measures of Damodaran Committee report on Customer Service, RBI has set up a committee to review the Banking Ombudsman scheme. (Refer details here). Members of the public who have their views on the functioning … Continue reading →

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