Now, private entities aspiring to set up banks can expect to hear about the status of their applications from the Reserve Bank of India (RBI) in 90 days. The 90-day period for issue of in-principle approval for private bank licences would commence
Tag: finance
Post
Post
CPT invites RFQs for work on coal berth
Cochin Port Trust (CPT) has called for request for qualification (RFQ) for modernisation of coal handling facility at the port on a design, build, finance, operate and transfer (DBFOT)
Post
Arun Jaitley represents as India’s Governor on ADB board
The Union Finance Minister Arun Jaitley has been appointed as IndiaĆās Governor on the Board of Governors of the Asian Development Bank (ADB) with effect from 27th May, 2014 in place of P. Chidambaram.
Post
Fundamentals revisited
Most banks have shown resilience, preventing further deterioration in asset quality in the fourth quarter. The same quarter also proved to be healthy in terms of recovery for most PSU banks
Post
IFCI seeks development financial institution status
IFCI Ltd is seeking to become a development financial institution as it would lower its cost of funds. The company will place a proposal with the government seeking the tag of a 'developmental financial institution' which could raise its credit rating and make its securities attractive to investors.
Post
Fresh RBI norms for bank licences
According to the Finance Ministry, more players will soon get bank licences as the Reserve Bank of India (RBI) will come out with fresh norms on new bank licences in the next four months. In April, RBI had issued bank licences to IDFC and Bandhan Financial Services, out of 25 applications.
Post
Over 100 large projects await bank funding
Over 100 projects, including from Tata Steel and Hindalco, sought financial assistance from public sector banks during January-March 2014. The industrial houses are pinning hope on the new government to boost sentiments, especially in manufacturing and capital goods sectors.
Post
Foreign investment inflow to double
Foreign investment in the Indian economy is expected to more than double, with inflows from both foreign direct investment and foreign institutional investors set to surge above $60 billion in the current financial year, compared with the $29 billion in 2013-14, an ASSOCHAM note has projected.
Post
New FM seeks separate paper on GST
The new Union Finance Minister Arun Jaitley has asked the revenue department for a separate presentation on the proposed tax reform towards Goods and Services Tax (GST). Expenditure, revenue and disinvestment departments had made presentations to the minister on 28 May.
Post
Our assistance purely depends on the bilateral relationship
The Japan International Cooperation Agency (JICA) is cautious to comment on the progress of the Delhi-Mumbai Industrial Corridor (DMIC). The DMIC project being a greenfield, that has taken a long time and faced land-acquisition delays, has made JICA alter their strategy for other projects in the country especially on Chennai-Bengaluru-Industrial Corridor (CBIC).