Further easing likely to be limited as banks might need to attract more deposits to meet expected rise in credit demand
Delhi court rejects anticipatory bail plea of IDFC Capital CEO
IDF is jointly promoted by ICICI Bank, Bank of Baroda, Life Insurance Corporation of India and Citicorp Finance (India)
Prior to taking up new assignment, he was executive director with Bank of India
Move gains significance at a time when debate rages over control of Jet Airways following stake buy by Etihad
Says the move would help improve financial inclusion and generate jobs
Says few applicants would develop into substantial banks
FinMin identifies 17 lenders who wrote off Rs 11,000 cr loan vis-a0vis Rs 4,000 cr recovery in Q4
RBI to discuss Kumar Birla's board position with the government
Final decision on time-gap between successive issuances key, say experts
RBI's was referring to the chit fund scam of Saradha Group which allegedly defrauded thousands of investors
Among the conditions for new bank licences is opening of 25% branches in rural centers
This is for all types of loans like Agriculture, MSME, Retail and Export Credit
Central banks through out the world have been blamed for extraordinary economic crises over years
Rate cuts unlikely to provide a'powerful stimulus' to the economy
Subbarao said lending rates have to be reduced to attract investments
BK Modi-promoted group registers company 10 days before the deadline
The strict conditions mean that profitability for new banks is likely to be limited until they secure a strong foothold
RBI stipulates that applicant should set up at least 25% of its branches in unbanked rural centres with population of less than 9,999