Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
The scrutiny is expected to be over this month itself.
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The RBI has accepted the application withdrawal request, according to the statement.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Lenders now use your phone data, utility bill payment records and other non-traditional parameters to determine if you are creditworthy.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
EC received the RBI proposal in the first week of this month, soon after the model code of conduct came into force on March 5.
Licence winners are expected to be announced by the first quarter of 2014.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The central bank has, so far, cut its repo rate by 125 bps.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
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Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
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The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Control over PSU banks is what is allowing the government to drive this scheme.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Three stockmarket experts give their best picks for the New Year.
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NHAI to pay only Rs 175-200 cr as it takes over from concessionaire
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
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