To invest $36 million in Dr Lal Pathlabs
With sufficient checks & balances new banks expected to move into mainstream banking with minimal systemic risk to the sector
The bank has been having low margins partly because of its large wholesale book apart from its considerable international operations
Last year the industry de-grew by a whopping 24-25%
Also advocates a blanket ban on entry of big corporate houses, MNCs in retail trade
License norms are comprehensive, cover all issues relating to entry of new banks
Aditya Birla Group, M&M, L&T are the leading contenders to set up banks
Bank plans to increase size of medical equipment finance portfolio from Rs 11 cr to Rs 500 cr by year end
New banking guidelines in two minutes
The domestic banks will need to raise Rs 2.7 trillion by March 2018 to meet tier-I capital requirements under Basel III