Bank Licence

Depositors to get insurance claim, amount of Rs 193.68 cr already paid out

The government is exploring several options to address the issue for enabling privastisation of PSBs

Karnataka lender doesn't have adequate capital or earning prospects, says RBI in statement.

11 entities had applied for on-tap bank licences since the guidelines were released by the Reserve Bank of India

Given that banking is a highly leveraged business dealing with public money, it makes sense to keep industry/business and banking separate, says RBI deputy governor M Rajeshwar Rao

The RBI has so far issued eight bank licensing guidelines to harmonise the rules and regulations

The Reserve Bank has cancelled the licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra for not having adequate capital and being unable to pay its present depositors in full

Section 22 of the Banking Regulation Act states that no company shall conduct banking business in the country unless it holds a licence issued by the RBI

India Inc could make a re-entry into commercial banking - 40 years after the last round of bank nationalisation in 1980

Lenders are staring at unexpected asset quality losses due to the slowdown in economic activity after the countrywide lockdown.

With reference to "Transforming bank licensing" (August 8), the editorial was timely and self-explanatory. Continuity is an issue by all means. But it is unlikely that there will be a relatively long queue in front of the tap for bank licence. An individual with a minimum of 10 years' banking experience and solid cash of Rs 255 crore in pocket will be rare. For those who have done banking in India, it will be beyond imagination, much less an impossibility. So, the opportunities for individuals will be limited to the few who are enriched with banking experience abroad.The instructions do not permit public sector units to float a bank. Had it been permitted, non-banking finance companies (NBFCs) fully owned by various state governments would have been able to contemplate entering the universal banking, at least for the niche market of their respective states. The tap is not open for them. This will further shorten the queue. It will end up in NBFCs officially calling themselves as "banks

Both Mundra and RBI Governor Raghuram Rajan have expressed their disappointment in the returning of the licences earlier