Those who were left out can apply for new bank licence: Rajan

Reserve Bank governor Raghuram Rajan on Friday defended handing out just two licences out of the 25 banking applicants saying the selection panel felt that some of them were better placed to serve......

Ministries spar over due-diligence reports

The Department of Financial Services, in the finance ministry, has criticised the corporate affairs ministry for not responding to the Reserve Bank of India’s request for ‘due-diligence......

Tata Sons withdraws application for bank licence

Tata Sons has withdrawn its application for setting up a bank, saying its current financial services model best supports the needs of the group's domestic and overseas businesses. The......

New bank licences: First-level screening of applications on Dec 16

A committee headed by former Reserve Bank of India governor Bimal Jalan will carry out the first-level screening of applications to set up new private banks, at its second meeting scheduled to be......