Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
Some leading private and foreign banks in the country have started checking scores of credit information companies such as Credit Information Bureau Ltd as part of their pre-employment screening process.
A host of lenders, including State Bank of India, IDBI Bank, Indian Bank and Andhra Bank, have lined up meetings of their asset-liability committees this week, to review their lending and deposit rates.
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Private banks account for a total of 21.15 per cent in terms of advances in the overall banking system.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
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2014 made a lot of promises; can the new year deliver?
The banking sector is set to move at a fast pace from hereon.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
Experts hail 2014 as the worst year for banks.
The preference for digital banking now cuts across all customer segments.
Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
Bankers say loan demand was more muted this festival season than last year.
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
At other bank ATMs, the customers of these banks will be charged beyond three transactions.
Customers using e-commerce websites are young and techno-savvy.
Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode.
2014 sees slowest start to festival season in at least 7 years
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