Borrower's to gain with new bank licenses
By Vaibhav Aggarwal
Oct 21, 2013
Print    Email    RSS   

The recently designated, Reserve Bank of India (RBI) Governor, Raghuram Rajan has shown that new bank licenses , might be issued by January 2014 and that he might make the methodology more incessant.

Some key takeaways of the new guidelines are:

The base paid-up capital for setting up a bank has been pegged at Rs 500 crore. The top on remote venture, incorporating FDI's/fII's and finances from NRI's, has been set at 49 for every penny. The new element will conform to the necessity segment loaning targets and sub-focuses as appropriate to existing residential banks. New banks may as well open no less than 25 for every penny of their extensions in unbanked provincial centers.

The trustees will scrutinize provisions for new bank licenses; and the central bank (Reserve Bank of India), is prone to give licenses to set up seven new banks in the wake of getting the panel's report in January 2014.

The licenses will increase the competition among the banks, giving the borrowers the chance to guard credit on better terms.

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

 Select a product:

Manage your loans, avoid recovery agents
Man caught for committing bank fraud
Loans to assist people with bad credit scores
Know about Personal loan against fixed...
Do rising NPAs reflect an ailing banking...

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive