Diabytes
Small banks News
)
The attack, which targeted technology service provider C-Edge Technologies, has disrupted online transactions, including cash withdrawals at ATMs and UPI payments.
)
With RBI granting in-principle approval to 10 entities to operate as Small Finance Banks, many of the successful bidders today said they will start the process of roping in investors.
)
The "in-principle" approval will be valid for 18 months to enable these entities comply with the guidelines on Small Finance Banks, RBI said in a statement.
The Reserve Bank is in the middle of processing over 100 applications for small finance banks and payments banks and may issue licences in a few months, a top central bank official said.
Global ratings agency Standard & Poor's today said the government's move to selectively capitalise state-run banks is a welcome step but may impact the growth of smaller lenders who have been left out.
The RBI Monday said it will come out with detailed clarifications for the benefit of intended applicants on newly-issued guidelines for setting up small finance and payment banks.
Addressing micro-financiers at a Nabard function here, Rajan also said that microfinance borrowers should be protected from arbitrary loan pricing.
The Reserve Bank of India Governor Raghuram Rajan on Thursday said that the central bank will invite applications for small and payement banks by the end of this month.
The Reserve Bank will issue final guidelines on small and payments banks by end November, aimed at expanding the banking space and paving way for corporates to enter these two segments.
The RBI said payment banks will need to have a minimum capital of Rs 100 crore as against Rs 500 crore required for full-fledged commercial lenders.
A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses.
The RBI also proposed Rs 100 crore as minimum capital required for setting up small bank and payment bank.
Loading...
 "Will Hindus get justice in Bengal's Murshidabad?")
 "DNA: Uproar over freebies in Delhi!")
 "DNA: AIMIM plans to field 2020 Delhi riots accused Shahrukh Pathan")
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
