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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
Jana Small Finance Bank is set to reapply for a universal bank licence in May, two people with knowledge of the development told The Morning Context. Both requested anonymity as they aren’t authorized to speak on the matter.
This would be the Bengaluru-based lender’s second time seeking the central bank’s nod to become a universal bank. In October last year, the Reserve Bank of India had returned Jana’s application citing unmet criteria.
“The bank is planning to reapply for the licence after the announcement of the fourth-quarter results for the current financial year. The results are announced by the end …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
