Page 2011 - Finance News
RIL may apply for bank licence
Backed by a powerful Reliance brand & cash, insiders are expecting RIL to make a bid for a banking license
 "RIL may apply for bank licence")
Priority sector norms pose a tough task
RBI final norms indicate business plan will have to address how the bank proposes to achieve financial inclusion
 "Reserve Bank data show sales growth moderation in FY12")
 "Nabard sees Gujarat's farm loan potential at Rs 41K crore next fiscal")
Few NBFCs may face challenges in converting into bank
Final guidelines on new bank licence has clearly said NBFCs will not be permitted to do any activity which a bank can do
 "Few NBFCs may face challenges in converting into bank")
Corporates keen to enter banking space, welcome RBI norms
M&M, Reliance Capital and players in the financial services space today welcomed Reserve Bank's guidelines for issuing licences for new banks
 "Corporates keen to enter banking space, welcome RBI norms")
Murugappa Group to examine RBI banking foray guidelines
New guidelines include restrictions on how to structure, how shareholding has to be brought down to 15% over 10 years period
RBI announces final guidelines on new banking licences
Sets 49% cap on foreign holding in new banks and minimum paid-up equity capital at Rs 500 cr
 "RBI announces final guidelines on new banking licences")
Unclaimed deposits of over Rs 2,481 cr in banks till Dec 2011
New section inserted in Banking Regulation Act empowering RBI to establish the 'Depositor Education and Awareness Fund' for the unclaimed deposits
 "Unclaimed deposits of over Rs 2,481 cr in banks till Dec 2011")
FinMin to prepare cabinet note for setting up PSU ETF
The Department of Disinvestment (DoD), which is the nodal department for carrying out PSU stake sale, will finalise the cabinet note after appointment of asset management companies (AMCs) to handle PS
IDBI Bank, Exim Bank to co-finance export-oriented companies
IDBI chairman says this collaboration will help IDBI expand its reach to MSME sector
 "IDBI Bank, Exim Bank to co-finance export-oriented companies")
Realtors, brokers to get RBI lifeline
Set to be allowed to apply for bank licences in the final guidelines expected by the end of the month