Getting A Bank License Might Be The Simple Part

      India’s Reserve Bank of India (RBI) has given in-principle approvals to two new banks to start business. The licenses – for IDFC and Bandhan Finance – have come after a long wait. Many hopefuls, including some owned by industrial groups have been rejected, for now.   Getting a license is tough. But … Continued

Two More Banks Take Total to 91

The Reserve Bank of India (RBI) has issued ‘in-principle’ approvals to infrastructure lender IDFC and micro finance institution Bandhan Financial Services to start new banks in the country.   The two entities will be the latest to join the private sector bank club and have been given 18 months to meet the conditions set by … Continued