SBI's JV with Airtel likely to face regulatory issues
By Ankit Sharma
Jul 15, 2011
Print    Email    RSS   

Public sector lender State Bank of India may not be having all its cards falling at right places. Earlier regulator Reserve Bank of India had a thought mismatch with it regarding the teaser home loan scheme. Even after persistent efforts by former SBI chief, O P Bhatt to continue it, the scheme had to be done away with ultimately.

Now it happens to be the proposed joint venture (JV) of the bank with Airtel which might face hurdles from the apex bank again.

It is reported by sources that the JV has not yet received a nod of approval from RBI.

The JV was proposed by SBI in January 2011 and it focused primarily on financial inclusion. SBI has been pursuing the apex bank for approval in this regard.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Guide to get a an auto insurance claim...
Effect of employment on loan eligibility...
Free insurance policies with credit cards
The right way to compare credit cards
5 steps to avoid credit card debt and...

Daawat*Call giℛℒ escort In ZiRaKpUr OOOOOOOOOO...
Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive