Monday 30 December 2013

News: Fresh models required by new banks to flourish

As per the market sources, new banks will have to develop a fresh business model to succeed, including making profits in rural areas and tackling risks associated with technology and cash management.

RBI is currently in the process of shortlisting applicants for new banking licenses. However, licences are being issued after a gap of about a decade and those to have applied in the current round also include Shriram group, India Post, LIC Housing, IDFC, Indiabulls, JM Financial, India Infoline and Edelw.

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