RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank
As per data submitted by Shivajirao Bhosale Sahakari Bank, more than 98 per cent of the depositors will receive the full amount of their deposits from the Deposit Insurance and Credit Guarantee Corporation (DICGC), the RBI said in a release.
May 31, 2021, 22:19 PM IST
Vodafone says will offer comprehensive financial services
Vodafone India Wednesday said the payments bank licence will enable it offer a comprehensive portfolio of banking and financial products and services, accelerating India's journey into a cashless economy.
Aug 19, 2015, 23:49 PM IST
Payment bank: Mahindra Finance in talks with IFC for JV
Tech Mahindra on Wednesday said its sister company Mahindra Finance will become equal shareholder if the Reserve Bank clears its payment bank licence, and the company is also in talks with the World Bank Group member IFC for a partnership in the foray.
Feb 11, 2015, 19:17 PM IST
Future Group seeks payments bank licence; IDFC to partner
Kishore Biyani-promoted Future Group Monday applied for a payments banking licence and will partner in this venture with IDFC, which has already been allowed by RBI to set up a full-fledged bank.
Feb 02, 2015, 21:25 PM IST
RIL teams up with SBI for payments bank
Looking to foray into banking business, Reliance Industries has teamed up with state-run behemoth SBI to apply for a payments bank licence.
Feb 02, 2015, 15:59 PM IST
Payment bank can be asset origination opportunity: Kotak
Kotak Mahindra Bank, which is in a tie-up with Bharti Airtel for niche bank licence, looks at payment bank as an asset origination opportunity.
Feb 01, 2015, 16:17 PM IST
Bharti Airtel, SKS Microfinance eye niche bank licences
Private sector lender Kotak Mahindra Bank will have a 19.9 percent stake in the proposed banking venture of Bharti Airtel.
Jan 29, 2015, 22:09 PM IST
RBI to invite applications for bank licences: Sandhu
The Reserve Bank will soon invite applications for issuance of licences in three categories -- small banks, payment banks and universal banks -- to achieve financial inclusion target, Financial Services Secretary G S Sandhu said Wednesday.
Oct 15, 2014, 20:55 PM IST
RBI fixes timelines for regulatory approvals
Moving to a time-defined process, the RBI Monday fixed schedules for various regulatory approvals, including grant of private bank licence, and also released a citizens' charter for its various services like clearing of transactions.
Jun 23, 2014, 20:03 PM IST
