Aug 2, 2016 - Bank licence norms shut out large companies

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Sree Vijaykumar From the Editor's Desk "Your ability to make the right investment or hiring decision may be reduced simply because you expended some of your willpower earlier when you held your tongue in response to someone's offensive remark or when you exerted yourself to get to the meeting on time". Every day, in one form or another, you exert willpower. You resist the urge to surf the Web instead of finishing your expense report. You reach for a salad when you're craving a burger. Yet a growing body of research shows that resisting repeated temptations takes a mental toll. Some experts liken willpower to a muscle that can get fatigued from overuse. This rationale explains why people like Mark Zuckerberg and Barack Obama wear the same outfit every day. Minimizing decision fatigue prevents them from getting bogged down in minutiae and leaves room for bigger decisions. More on willpower in this report. Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Bank licence norms shut out large companies ED arrests First Leasing's Sivaramakrishnan and Dilli Raj of SKS Finance Enforcement Directorate on Monday said it has arrested S Dilli Raj and L Sivaramakrishnan, current and former chief financial officers (CFOs) of First Leasing Co in a bank fraud case. Investors lap up NBFCs than commercial banks Some analysts advise investors to pick urban-oriented finance companies, like Bajaj Finance, over rural-focussed microfinance companies. RBI clears the decks for on-tap banking, bars big corporates The opening of the on-tap licensing window ticks one more item off Governor Raghuram Rajans to-do list before he ends his tenure next month. Why e-commerce consolidation is no panacea Despite the euphoria around Flipkart’s recent acquisition of Jabong, there are far bigger issues that could define the next phase of growth of Indian e-commerce Yumlane raises funds from Binny Bansal, Anupam Mittal, others Sachin Bhatia, co-founder of TrulyMadly, angel investor Kunal Khattar and Dheeraj Jain, partner at Redcliffe Capital, also invested in the food start-up ICICI Bank ties up with Apollo India to form ARC India's top private lender ICICI Bank has inked an agreement to form an asset reconstruction firm with international private equity investor Apollo Global Management. This would expand their existing relationship where the two already are JV partners in a private equity firm AION Capital. AION Capital that raised $825 million in a special situations fund two years ago will also be a stakeholder in the proposed JV, the firms said in a joint statement. Online platform in non-life insurance puts customers first Mandatory e-KYC and e-insurance accounts for online businesses are welcome moves. But these should be made mandatory across other modes of business sourcing as well FTIL gets interim relief on asset attachment Financial Technologies India Ltd, whose assets were attached after the NSEL scam, allowed to access its accounts for employee salaries, other expenses Sebi passes final order on Adventz Finance Sebi refuses to give any further interim relief to Jai Annanya, which is seeking more time to repay loan worth `40crore to Adventz Finance since both entities are found to be linked RBI on-tap bank licence: Rajan's reform step would mean end of banking dreams for big corporates With just over a month left for his term coming to end at Mint Road, outgoing Reserve Bank of India (RBI) governor Raghuram Rajan has taken one of the key reform-steps in the country’s banking sector by announcing final norms for ‘on tap licensing’ or continuous licensing. Three start-ups from empoWer receive seed funding from govt and Vodafone Bid to encourage more women entrepreneurs, thanks to launch of Stand Up India scheme, offering loans between Rs10 lakhs and Rs1 crore at easy interest rates ICICI Bank, Apollo India to start asset reconstruction company The objective of the collaboration will be to streamline the operations of borrowers, facilitate deleveraging and arrange additional funding on a case-by-case basis RBI puts bank licences on tap, excludes big groups RBI in its final guidelines allows NBFCs, qualified individuals and some private firms to apply for a bank licence as and when they choose to Minimum Rs 500 crore capital requisite for new on-tap license to set up private bank: RBI Last year, RBI approved the formation of 20 new institutions — small and payments banks — to improve disbursal of small-ticket loans and services such as remittances. Raghuram Rajan wants monetary policy committee panel formed before RBI exit RBI governor Raghuram Rajan wants to see a committee established before his three-year term ends in September Monetary policy panel should be formed before I leave RBI: Raghuram Rajan The RBI governor wants to see a committee established before his three-year term ends in September. After merger with Didi Chuxing, India to become Uber's main battleground Uber Technologies Inc. is selling its China operations to fierce rival Didi Chuxing, ending an expensive price war and freeing it up to focus on other markets and possibly an initial public offering. Bajaj Finance surpasses YES Bank, Dr Reddys, Dabur India in m-cap ranking Thus far in the current calendar year 2016, Bajaj Finance zoom over 80% against 8% rise in the S&P BSE Sensex. London asset manager TCP buys Religare realty fund Cerestra's real estate investments are focused on the educational infrastructure to create a specialist REIT to be listed on the bourses. RBL Bank aims to launch IPO in third week of August RBL Bank receives clearances from Sebi on issues relating to its shareholding pattern Hedging costs may affect appetite for masala bonds The cost of hedging rupees in offshore non-deliverable forward market is between 5.5% and 6%. The high cost erodes the higher yields that masala bonds promise Ex Shopclues VP Devesh Rai launches B2B marketplace Wydr My Big Plunge articles  Reebok to move DIPP for setting up flagship stores Reebok India, owned by German sportswear major Adidas, will submit an applicati Government clears 89 single-brand retail, 1 multi-brand proposals In February 2006, the government permitted 51 per cent FDI in the single brand sector. In 2012, it raised the cap to 100 per cent. Healthkart raises $12M from existing investors MediaNama.com Updated: MediaNama.comUpdate: Healthkart cofounder Sameer Maheshwari confirmed that the company had raised fresh funding led by Sequoia India, with participation from existing investors Omidyar Network and Kae Capital among other unnamed ones. It plans to invest in its ...sp; Delhi-based eShopBox manages online operations for brick-and mortar biz Brick-and-mortar businesses wanted a complete solution to help them compete online, so, in July 2014, Choudhary, Bhisht and the Karwas founded eShopBo.. Bengaluru-based startup BlackBuck looks to disrupt B2B logistics market Apart from the regular GPS-enabled freight management, it offers features such as track and trace, truck mapping, verifications of trucks As Phone Companies Pledge to Stop Robocallers, What's the Holdup? Only 10 percent of the prerecorded, auto-dialed calls are legal and wanted by the recipient, yet 2.4 billion robocalls are made each month. Russia — a wake-up call for India? The young athlete was taken aback by the question from the man on the staff of a prominent sports institution. “Do you have any problem in giving your urine sample for testing?” he said. “If you have, Alwar Police busts gang of mobile phone thieves Alwar Police busts gang of mobile phone thieves LG V20 will be the first Android Nougat phone in September The firm not only did reveal the name of the handset and the Android version it will be running on, but also confirmed that the handset will be launched as soon as next month. Social media like Anandiben's FB resignation, call it Digital India initiative Gujarat chief minister Anandiben Patel sprang a surprise on Friday by offering to resign from her post, saying the Bharatiya Janata Party (BJP) needed a fresh face in the state before elections next year. Here’s how social media reacted. India, Singapore Central Bankers Call for Global Safety Net Central bank chiefs from India and Singapore called for a strong safety net for countries to cope with financial crises. Lenovo Vibe K5 Note launched: Price, specifications and features The 3 GB model of Lenovo K5 Note is priced at Rs 11,999 while the 4 GB version will cost Rs 13,499.. Oracle India joins SBI to foster digital skills initiative Global software and Cloud major Oracle India on Monday announced a corporate citizenship collaboration with State Bank of India (SBI) and launched the.. SFLC.in's Comments on the TRAI Consultation Paper on Cloud Computing by sflc_admin    |    August 1, 2016On June 10, 2016, the Telecom Regulatory Authority of India(TRAI) floated a Consultation Paper on Cloud Computing and invited comments from the industry and other stakeholders on the following broad issues: regulatory framework for cloud computing; security over the cloud; cost-benefit analysis; quality of servic... Panasonic Eluga Arc 2 With 4G VoLTE Support Launched at Rs. 12290 Panasonic Eluga Arc 2 Smartphone: Panasonic a Japanese-based electronics and smartphone Company Has Launched a new flagship 4G smartphone under its Eluga-series in India. Lenovo India appoints Rajesh Thadani as new consumer business head In his new role in Lenovo India, Thadani will lead the growth strategy to further strengthen Lenovo’s growing consumer segment. Josh Groban, Kat Dennings call it quits? 2 Broke Girls star and singer call it quits, but remain close friends Preacher: "Call and Response" Review SPOILER ALERT: This story contains details about tonight’s Preacher Season 1 finale and some details about Season 2. In , “Call and Response,” tonight’s Preacher season finale on AMC, Jesse C… 9 mobile phones, chargers recovered from Orai jail Nine mobile phones, 13 chargers and a few batteries were recovered from the inmates of Orai district jail during a raid on Saturday night. Samsung Galaxy Note 7 press renders leaked ahead of August 2 launch Samsung Galaxy Note 7 press renders have been leaked online ahead of the official August 2 launch. Lenovo Vibe K5 Note India launch today: Here's all you need to know Lenovo Vibe K5 Note will feature secure zone allowing users to keep two accounts active on a single device Haryana crime branch tapped phones unlawfully, violated privacy in 2014 It was an issue which had the potential of opening the Pandora’s box, given the unabashed misuse security and intelligence agencies make of their phone tapping powers. But it was given a quiet burial. Morning News Call To access the newsletter, click on the link: here Two arrested for robbing duo of cash, mobile phone Osmania University (OU) police arrested two robbers and apprehended two of their juvenile associates for robbing two persons of their valuables near the university campus on Saturday. 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