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Foreign banks seek finance ministry help to speed up decision on ...
Jun 27, 2012 . The banks have said that the RBI was going slow as it was in the . track the branch licensing process till it comes with its final guidelines," said .
http://articles.economictimes.indiatimes.com/2012-06-27/news/32441487_1_wos-foreign-banks-subsidiary-model

RBI releases Draft Guidelines for Licensing of New Banks in the ...
Aug 29, 2011 . The Reserve Bank of India released on its website today, the Draft Guidelines for “Licensing of New Banks in the Private Sector”. The Reserve .
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=24975

Draft guidelines for licensing of new private sector banks ...
Nov 18, 2011 . (1) The 2011 guidelines lay down a framework for the granting of banking licences by the RBI to corporate entities and non-banking financial .
http://www.internationallawoffice.com/newsletters/Detail.aspx?g=c0ad503a-1070-4611-9338-efd153fe7c2b

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This chapter is intended to provide:

· An understanding of the importance of capital budgeting in marketing decision making

· An explanation of the different types of investment project

· An introduction to the economic evaluation of investment proposals

· The importance of the concept and calculation of net present value and internal rate of return in decision making

Banking licences: Ministry, RBI step up shadow-boxing
Jan 28, 2012 . Nearly 18 months after the government announced RBI would consider issuing fresh banking licences, in August last year, draft norms were .
http://www.business-standard.com/india/news/banking-licences-ministry-rbi-stepshadow-boxing/463041/

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L&T Fin, Shriram and M&M lead banking licence race | Firstpost
Aug 31, 2011 . The widely-anticipated draft guidelines on new banking licences for the private sector were finally released by the Reserve Bank of India (RBI) .
http://www.firstpost.com/business/lt-fin-shriram-and-mm-lead-banking-licence-race-73781.html

RBI Issues Draft Guidelines For New Banking Licence | VCCircle
Aug 29, 2011 . The Indian central bank has issued on Monday a set of draft guidelines for new banking licence in the private sector that bars promoter groups .
http://www.vccircle.com/500/news/rbi-issues-draft-guidelines-for-new-banking-licence

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A capital investment project can be distinguished from current expenditures by two features:

a) such projects are relatively large

RBI submits guidelines on new banking licences | ETNow
RBI submits guidelines on new banking licences . KV Kamath speaks on new banking license . Will go for banking license if eligible: LIC Housing Fin .
http://economictimes.indiatimes.com/et-now/policy/rbi-submits-guidelines-on-new-banking-licences/videoshow/7761548.cms

RBI asks Kotak Bank to dilute promoters' stake - Hindustan Times
Jun 27, 2012 . The RBI is currently in the process of finalising norms for issuing new banking licences to private business groups. “The Reserve Bank of India .
http://www.hindustantimes.com/News-Feed/BusinessBankingInsurance/RBI-asks-Kotak-Bank-to-dilute-promoters-stake/Article1-879856.aspx

a) the formulation of long-term goals

b) the creative search for and identification of new investment opportunities

c) classification of projects and recognition of economically and/or statistically dependent proposals

d) the estimation and forecasting of current and future cash flows

e) a suitable administrative framework capable of transferring the required information to the decision level

f) the controlling of expenditures and careful monitoring of crucial aspects of project execution

RBI against bank licences for corporates - Indian Express
Jul 26, 2012 . “The RBI is against giving banking licences to the corporate sector. . The RBI's draft guidelines have already banned three sectors from .
http://www.indianexpress.com/news/rbi-against-bank-licences-for-corporates/979474

RBI norms on new banking licences in 15-20 days - The Hindu ...
In the Budget 2011-12, the Finance Minister, Mr Pranab Mukherjee, had said the RBI plans to issue guidelines for the grant of new banking licences before the .
http://www.thehindubusinessline.com/industry-and-economy/banking/article1608065.ece

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a) By project size

RBI: Guidelines on New Bank Licenses Soon - WSJ.com
Aug 23, 2011 . RBI: Guidelines on New Bank Licenses Soon . The last domestic banking license was allotted to Yes Bank Ltd. in May 2004. Moving on to a .
http://online.wsj.com/article/SB10001424053111903461304576525662693738884.html

b) By type of benefit to the firm

· an increase in cash flow
· a decrease in risk

RBI submits draft guidelines on new banking licences - Livemint.com
RBI submits draft guidelines on new banking licences to finmin.
http://www.livemint.com/Politics/aq2XbzOg0lClAtBPBORYsL/RBI-submits-draft-guidelines-on-new-banking-licences-to-finm.html

c) By degree of dependence

New banking license: RBI gets feedback on draft guidelines ...
Jul 10, 2012 . RBI on Tuesday put up comments/suggestions received from the related parties on the draft guidelines for new banking license in private sector .
http://www.moneycontrol.com/news/business/new-banking-license-rbi-gets-feedbackdraft-guidelines_728508.html


RBI gets proposals to relax norms for new bank licence - Indian ...
Jul 11, 2012 . The Reserve Bank of India on Tuesday said it received various proposals for relaxation in shareholding, listing period, promoter holding and .
http://www.indianexpress.com/news/rbi-gets-proposals-to-relax-norms-for-new-bank-licence/972806


Final RBI banking license norms only after Banking Laws ...
Sep 12, 2011 . New Delhi: Indian companies' wait for new banking licences may get longer as the Reserve Bank of India (RBI) may issue the final guidelines .
http://banking.contify.com/story/rbi-may-issue-norms-for-new-banking-licence-after-amending-banking-bill-2011-09-12

d) By degree of statistical dependence

· Positive dependence
· Negative dependence

Draft Guidelines for New Bank Licences: Watchful ... - ICRA
The August 29, 2011-released draft Reserve Bank of India (RBI) guidelines for licensing of new privately-owned banks propose to open up the banking sector to .
http://www.icra.in/Files/ticker/2011-New%20Bank%20Licence.pdf

e) By type of cash flow

· Conventional cash flow: only one change in the cash flow sign

Draft Guidelines for Licensing of New Banks in - RBI Website ...
Aug 29, 2011 . Ten banks were licensed on the basis of guidelines issued in. January 1993. The guidelines were revised in January 2001 based on the .
http://rbidocs.rbi.org.in/rdocs/Content/PDFs/FIDGN290811.pdf

Draft guidelines for licensing of new banks… gist of comments: RBI
Jul 10, 2012 . NBFCs suggested excluding advisory services to real estate funds, investment in construction of real estate property, mortgage loan/housing .
http://www.indiainfoline.com/Markets/News/Draft-guidelines-for-licensing-of-new-banks%E2%80%A6-gist-of-comments-RBI/5459049596

Riskpro - RBI's New banking license framework
Oct 8, 2011 . The present draft guidelines on 'Licensing of New Banks in the Private . Riskpro's RBI Regulatory Compliance Alerts; Riskpro orm; Riskpro .
http://www.slideshare.net/mkjmj1972/riskpro-rbis-new-banking-license-framework

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The analysis stipulates a decision rule for:

I) accepting or
II) rejecting

investment projects

The time value of money

Fin min asks rbi to ready final norms for bank licences ...
Jul 6, 2012 . The final norms on banking licences will be released only after the Banking Bill is passed. The Banking Bill will allow the central bank to .
http://www.yourmoneysite.com/news/2012/jul/fin-min-asks-rbi-to-ready-final-norms-for-bank-licences.html

The interest rate received by the lender is made up of:

1 CUTS' Comments on RBIs Draft Guidelines for Licensing of New ...
RBI released 'Gist of the comments' and in August 2011 Draft Guidelines for ' Licensing of new Banks in the private sector' on which comments have been .
http://www.cuts-international.org/pdf/CUTS-Comments_on_RBIs_Draft_Guidelines_for_Licensing_of_New_Banks_in_the_Private_Sector.pdf

RBI prescribes Rs.500 cr minium capital for new private banks
Aug 29, 2011 . The HIndu A view of the RBI building in Mumbai. . on Monday released the draft guidelines for licensing of new banks in the private sector.
http://www.thehindu.com/business/Industry/article2409039.ece

RBI's new bank licensing norms: Corporates will need a minimum ...
Aug 29, 2011 . MUMBAI: The Reserve Bank of India on Monday released on its website, the Draft Guidelines for "Licensing of New Banks in the Private Sector" .
http://articles.economictimes.indiatimes.com/2011-08-29/news/29941355_1_new-banks-nohc-banking-regulation-act

a) Future values/compound interest

CNBC-TV18: IBH: RBI BANK LICENCE GUIDELINES - YouTube
Aug 29, 2011 . Banking regulator came out with the draft guidelines for new banking licences. Some of the aspirants cheered the proposed guidelines. But for .
http://www.youtube.com/watch?v=LgSLaWZKBkI

FV consists of:

RBI to announce roadmap likely on licence, holding companies - DNA
May 3, 2011 . The Reserve Bank of India (RBI) is expected to announce roadmaps for significant policy initiatives like the licensing guidelines for new banks, .
http://www.dnaindia.com/money/report_rbi-to-announce-roadmap-likely-on-licence-holding-companies-foreign-banks_1538755


New Banking License may now be a Reality!
Aug 19, 2011 . The last time RBI had issued banking licenses was 2004; Kotak Mahindra . Post that, RBI is expected to make the norms public and invite .
http://trak.in/tags/business/2011/08/19/new-banking-licenses-india-reality/

The general formula for computing Future Value is as follows:

FVn = Vo (l + r)n

where

Vo is the initial sum invested
r is the interest rate

RBI's Draft Guidelines for Private Banks: Conversation with Bikash ...
Sep 14, 2011 . Based on the responses received, RBI has now come out with the draft guidelines for licensing of new banks in the private sector. RBI is likely .
http://barandbench.com/brief/2/1722/rbis-draft-guidelines-for-private-banks-conversation-with-bikash-jhawar-

RBI's Draft Guidelines for Private Sector Banks - Indian Corporate Law
Aug 31, 2011 . RBI's Draft Guidelines for Private Sector Banks . 2010, the RBI has now released draft guidelines for licensing new banks in the private sector.
http://indiacorplaw.blogspot.com/2011/08/rbis-draft-guidelines-for-private.html

Awaiting RBI guidelines on new banking licence: SREI Infra - YouTube
Mar 3, 2010 . On the Budget day, finance minister said that RBI is considering giving some additional banking licenses to private sector players and NBFCs).
http://www.youtube.com/watch?v=_i8XFbCmUrA

Finance minister P Chidambaram to review banking licence guidelines
Aug 29, 2012 . The RBI has said that it will issue new licences only after Parliament . will review the draft guidelines for the new banking licenses, sending out .
http://economictimes.indiatimes.com/articleshow/15911593.cms?prtpage=1

Reserve Bank Cancels the Licence of The - Reserve Bank of India
Jun 7, 2012. Bank of India (RBI) passed an order cancelling the banking licence . particularly to stock broking firms in gross violation of lending norms.
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=26606


Bank licence norms next week
Aug 17, 2011 . Earlier this calendar year, the RBI had submitted the draft guidelines on new banking licences to the finance ministry for approval. The ministry .
http://www.business-standard.com/india/news/bank-licence-norms-next-week/446070/

We can derive the Present Value (PV) by using the formula:

FVn = Vo (I + r)n

By denoting Vo by PV we obtain:

FVn = PV (I + r)n

by dividing both sides of the formula by (I + r)n we derive:

Rationale for the formula:

Banking Licence norms still some time away as panel to look into ...
Banking Licence norms still some time away as panel to look into RBI draft. Dheeraj Tiwari, ET Bureau Mar 16, 2011, 06.54am IST. Tags: Reserve Bank|; panel .
http://articles.economictimes.indiatimes.com/2011-03-16/news/28698096_1_public-sector-banks-new-banks-commercial-bank-branch

Draft RBI guidelines for new bank licences: ICRA - Moneycontrol.com
Sep 20, 2011 . Draft RBI guidelines for new bank licences: ICRA . entities may be deterred from applying for banking licences as some of the businesses may .
http://www.moneycontrol.com/news/icra-reports/draft-rbi-guidelines-for-new-bank-licences-icra_588066.html

Articles about Banking License - Economic Times
In an interview with ET Now , Hemindra Hazari, Head of Equity Research, Nirmal Bang Institutional Equities, speaks on the RBI's new banking licensing norms.
http://articles.economictimes.indiatimes.com/keyword/banking-license

RBI May Issue 4 New Banking Licences - WSJ.com
Aug 19, 2011 . The RBI will soon issue draft guidelines on the new private banking licences and will seek comments from all stakeholders, RBI Deputy .
http://online.wsj.com/article/SB10001424053111903596904576515503377227050.html


Corporates welcome RBI's draft norms on banking licences
Aug 29, 2011 . Welcoming the Reserve Bank of India's (RBI) draft guidelines on granting new bank licences, corporates and analysts today said the norms .
http://www.business-standard.com/india/news/corporates-welcome-rbi%5Cs-draft-normsbanking-licences/145615/on

b) Net present value (NPV)

Banking licence draft guidelines in next 15-20 days: Finance Ministry
Apr 7, 2011 . In the Budget 2011-12, Finance Minister Pranab Mukherjee had said the RBI plans to issue guidelines for the grant of new banking licences .
http://articles.economictimes.indiatimes.com/2011-04-07/news/29392494_1_banking-licences-sector-banks-discussion-paper

where:

Ct = the net cash receipt at the end of year t
Io = the initial investment outlay
r = the discount rate/the required minimum rate of return on investment

Articles about Banking Licence - Economic Times
KOLKATA: Reserve Bank of India (RBI) would shortly come out with draft norms on new banking licences, a senior RBI official said. "RBI will shortly come out .
http://articles.economictimes.indiatimes.com/keyword/banking-licence

The discount factor r can be calculated using:

Examples:

RBI report well-timed ahead of new banking licence norms: Ashvin ...
May 24, 2011 . In an interview with ET Now, Ashvin Parekh, partner and national leader, global financial services, E&Y, gives his views on the new RBI .
http://articles.economictimes.indiatimes.com/2011-05-24/news/29577831_1_new-banking-banking-sector-banking-companies

Decision rule:

If NPV is positive (+): accept the project
If NPV is negative(-): reject the project

RBI banking license norms in-line with expectations: Sanjiv Bajaj ...
Aug 30, 2011 . In an interview with ET Now, Sanjiv Bajaj, MD, Bajaj Finserv & Investments Ltd, gives his views on the banking license guidelines. Excerpts: .
http://articles.economictimes.indiatimes.com/2011-08-30/news/29945385_1_banking-license-foreign-banks-sanjiv-bajaj

Likely delay in new banking licence rules
Nov 7, 2011 . Parliament panel set for extensive consultation with RBI, other . RBI is planning to issue the guidelines for banking licences before the close of .
http://www.business-standard.com/india/news/likely-delay-in-new-banking-licence-rules/454735/

ENTRY OF NEW BANKS IN THE PRIVATE SECTOR ...
Aug 11, 2010 . additional banking licences to private sector players. Non Banking Financial. Companies could also be considered, if they meet the RBI's eligibility criteria.' . 6.2.1 The guidelines issued in 1993 for licensing of new banks in .
http://rbidocs.rbi.org.in/rdocs/Content/PDFs/FIDIS110810.pdf

RBI lists 'necessary' terms for new bank licences - Economic Times
Aug 31, 2011 . The Reserve Bank of India (RBI) has taken the next step towards . January 2001 guidelines that it would consider licensing more banks three .
http://articles.economictimes.indiatimes.com/2011-08-31/news/29949371_1_banking-regulation-act-discussion-paper-diversified-shareholding

c) Annuities

Master Circular on Branch Licensing - Regional Rural Banks
The opening of branches by banks is governed by the provisions of Section 23 of the Banking Regulation Act, 1949.
http://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=7382

RBI to issue guidelines for banking licences by March-end ...
Feb 28, 2011 . The RBI will issue guidelines for new banking licences by the end of the current fiscal.
http://businesstoday.intoday.in/story/rbi-to-issue-guidelines-for-new-banking-licences-by-march-end/1/13515.html

Example:

Year

Cash Flow ($)

0

-800

1

400

2

400

3

400

No easy banking entry for NBFCs as finance ministry seeks tougher ...
Apr 5, 2011 . The ministry is currently examining the draft guidelines on the new banking licenses submitted by RBI last month. The banking regulator had .
http://articles.economictimes.indiatimes.com/2011-04-05/news/29384337_1_banking-space-foreign-banks-new-banks

India's RBI To Issue Four Private Banking Licenses (NYSE:PIN ...
Aug 19, 2011 . The RBI will soon issue draft guidelines on the new private banking licenses and will seek comments from all stakeholders, RBI Deputy .
http://etfdailynews.com/2011/08/19/india%E2%80%99s-rbi-to-issue-four-private-banking-licenses-pin/

= $994.72

Draft Notifications/ Guidelines - Reserve Bank of India
Draft Revised Guidelines on Securitisation Transactions. Bullet, RBI releases Draft Guidelines for Licensing of New Banks in the Private Sector. Bullet .
http://www.rbi.org.in/scripts/DraftNotificationsGuildelines20.aspx

= $194.72

Alternatively,

RBI to issue draft norms on new bank licences:FM - Economic Times
Jun 2, 2011 . MUMBAI: The Finance Ministry on Thursday said the Reserve Bank will come out with the draft guidelines on new bank licences soon. "The RBI .
http://articles.economictimes.indiatimes.com/2011-06-02/news/29613243_1_new-bank-licences-draft-guidelines-banking-sector

Why the delay in new bank licence norms? - Livemint
It will take a few months more to prepare the final guidelines. And all applications seeking banking licences will be examined by an external group before RBI .
http://www.livemint.com/Opinion/LelekRAUgMwPFXK9hM7uQM/Why-the-delay-in-new-bank-licence-norms.html

= $400 x 2.4868

= $994.72

Finance ministry to clear norms for new bank licences next week ...
Aug 12, 2011 . In his budget speech, Finance Minister Pranab Mukherjee had said that RBI would issue the guidelines for banking licences before the close of .
http://articles.economictimes.indiatimes.com/2011-08-12/news/29880382_1_new-banks-foreign-banks-private-banks

= $194.72

d) Perpetuities

Banking licence draft guideline by end of this month: Finmin ...
Mar 28, 2011 . In the Budget 2011-12, Finance Minister Pranab Mukherjee had said the RBI plans to issue guidelines for the grant of new banking licences .
http://articles.economictimes.indiatimes.com/2011-03-28/news/29354482_1_banking-licences-new-banking-sector-banks

where:

C is the sum to be received per period
r is the discount rate or interest rate

Example:

Know Your Customer Guidelines - Reserve Bank of India
Reserve Bank of India has issued guidelines to banks under Section 35A of the . I had submitted my driving licence as a proof of identity and address but still .
http://www.rbi.org.in/scripts/FAQView.aspx?Id=82

= $4,666.67

A perpetuity with growth:

Master Circular on Branch Licensing - Regional Rural Banks
dated July 1, 2011 consolidating instructions / guidelines issued to banks on Branch . are required to obtain licences from the concerned Regional Office of RBI .
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/84BCC020712.pdf

Solution:

Securing the online banking transactions - RBI's guidelines - YouTube
Jan 27, 2012 . Securing the online banking transactions - RBI's guidelines . TO GIVE NEW BANKING LICENSES by http://superrdollarr.blogspot.comby .
http://www.youtube.com/watch?v=9nFiRi5C-bc

= $735/0.10

= $7,350

e) The internal rate of return (IRR)

Draft rules on new Banking licences likely next week - Economic ...
Aug 17, 2011 . In this year's budget, Finance Minister Pranab Mukherjee had said the RBI would release draft guidelines to license a few private banks.
http://articles.economictimes.indiatimes.com/2011-08-17/news/29896472_1_foreign-banks-private-banks-new-banks

RBI submits new banking draft to FinMin - Economic Times
Mar 15, 2011 . "RBI is planning to issue the guidelines for banking licences before the close of this financial year," Finance Minister Pranab Mukherjee had .
http://articles.economictimes.indiatimes.com/2011-03-15/news/28691383_1_new-banking-cooperative-banks-draft-guidelines

PatnaDaily.Com - New Banking License Policy Questionable
Sep 10, 2011 . At last, the Reserve Bank of India (RBI) was issued draft guidelines relating to the banking licenses on 29th August, 2011. The business houses .
http://www.patnadaily.com/index.php/opinions/readers-write/5635-new-banking-license-policy-questionable.html

RBI to issue guidelines on new banking licences by March-end ...
Feb 28, 2011 . NEW DELHI: The Reserve Bank of India (RBI) will issue guidelines for new banking licences by the end of the current fiscal. "RBI is planning to .
http://articles.economictimes.indiatimes.com/2011-02-28/news/28642243_1_banking-licences-new-banking-sector-banks

where r = IRR

IRR of an annuity:

where:

RBI sets bar high for banking entry - Livemint
Aug 30, 2011 . RBI sets bar high for banking entry. . may disqualify many of the aspirants as it unveiled draft guidelines for new banks in the country. . or assets are not eligible to seek licences to enter India's Rs.64 trillion banking industry.
http://www.livemint.com/Home-Page/XyYixe5cHjd7UXcBn4X70K/RBI-sets-bar-high-for-banking-entry.html


Io is the initial outlay

Norms on new bank licences after bill amendment
Sep 11, 2011 . The final guidelines on new banking licences would be released only after the necessary . Mkts to look at RBI meet, inflation, IIP data for cues .
http://www.business-standard.com/india/news/normsnew-bank-licences-after-bill-amendment/146382/on

Example:

India set to open up retail banking - FT.com
Jun 19, 2011 . The RBI, which has up to now voiced concerns about the risks that . banking sector, is set to release draft guidelines for the new licences in the coming weeks. . Among those expected to seek full banking licences are the .
http://www.ft.com/cms/s/0/90231144-9a9d-11e0-bab2-00144feab49a.html

= 6

From the tables = 4%

Economic rationale for IRR:

RBI's Draft Norms on New Banking Licences
Sep 6, 2011 . This PwC alert summarizes the draft guidelines for new banking licence in the private sector. It outlines the proposed criteria for eligible .
http://thefirm.moneycontrol.com/story_page.php?autono=583401

SKS Microfinance may approach RBI for bank licence - Economic ...
Sep 4, 2011 . He said the bank structure brings in a lot more stability by mitigating a . The RBI draft guidelines on new bank licences stipulate 25 per cent of .
http://articles.economictimes.indiatimes.com/2011-09-04/news/30112780_1_sks-microfinance-microfinance-chairman-vikram-akula-rbi

Find the IRR of this project for a firm with a 20% cost of capital:

YEAR

CASH FLOW


$

0

-10,000

1

8,000

2

6,000

a) Try 20%
b) Try 27%
c) Try 29%

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Independent vs dependent projects

NPV and IRR methods are closely related because:

RBI releases the gist of comments on the draft guidelines for ...
Jul 10, 2012 . RBI releases the gist of comments on the draft guidelines for licensing of . The draft guidelines on licensing of new banks contained provisions .
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=26818


RBI proposes rules for new private bank licenses | ETNow
RBI proposes rules for new private bank licenses . 'Guidelines for new banks will be tougher then expected' . Excl: Bankers' reaction on rate hike by RBI .
http://economictimes.indiatimes.com/et-now/policy/rbi-proposes-rules-for-new-private-bank-licenses/videoshow/6293884.cms

RBI issues draft guidelines for entry of new banks - Livemint
Aug 29, 2011 . RBI issues draft guidelines for entry of new banks. . a “successful track record” of 10 years will be allowed to apply for new banking licence.
http://www.livemint.com/Politics/P4frByALlnJfRs1KkhrNgP/RBI-issues-draft-guidelines-for-entry-of-new-banks.html

a) NPV vs IRR: Independent projects

Bank Licences Draft Rules: Window of Opportunity!
Sep 21, 2011 . On 29 August 2011, the Reserve Bank of India (the RBI) released the draft guidelines (the Draft Guidelines) for licensing of new banks in the .
http://thefirm.moneycontrol.com/story_page.php?autono=588912

RBI norms for new bank licences likely by Nov-end: FinMin
Oct 19, 2011 . The Reserve Bank of India (RBI) is likely to come out with guidelines on . over the RBI's proposal to grant banking licences to industrial houses .
http://www.business-standard.com/india/news/rbi-norms-for-new-bank-licences-likely-by-nov-end-finmin/149326/on

RBI plugs tax flaw in NBFC guidelines - Economic Times
Mar 16, 2012 . MUMBAI: The Reserve Bank of India (RBI) has shut a loophole in the non- banking finance company (NBFC) regulations which individuals .
http://articles.economictimes.indiatimes.com/2012-03-16/news/31201579_1_nbfcs-regulatory-arbitrage-reserve-bank

NBFCs rally as RBI unveils new banking norms
Aug 30, 2011. the Reserve Bank of India (RBI) releases draft guidelines for licensing of new banks in the private sector. The existing NBFCs, if considered .
http://www.business-standard.com/india/news/nbfcs-rally-as-rbi-unveils-new-banking-norms/145641/on

RBI Master Circulars - Reserve Bank of India
Master Circular - Prudential Guidelines on Capital Adequacy and Market Discipline . Master Circular on Branch Licensing - Regional Rural Banks, 186 kb .
http://mastercirculars.rbi.org.in/

Guidelines on entry of new banks in the private sector in India ...
Select Country Practices on licensing of new banks in the private sector – Table I. Criteria for granting licenses. Country. Legal framework. Authority granting .
http://rbidocs.rbi.org.in/rdocs/content/PDFs/CRO170810AN_2.pdf

Similarly for the same project to be acceptable:

Draft norms on new banking licences soon: RBI official - Economic ...
May 10, 2011 . KOLKATA: Reserve Bank of India (RBI) would shortly come out with draft norms on new banking licences, a senior RBI official said. "RBI will .
http://articles.economictimes.indiatimes.com/2011-05-10/news/29528754_1_new-banking-licences-discussion-paper-draft-norms

Since the numerators Ct are identical and positive in both instances:

· implicitly/intuitively R must be greater than k (R > k);
· If NPV = 0 then R = k: the company is indifferent to such a project;

Articles about Banking License by Date - Page 5 - Economic Times
Banking License News by Date. . The MSC bank gets banking license from RBI . VK Sharma: We have been giving the guidelines that we will be growing .
http://articles.economictimes.indiatimes.com/keyword/banking-license/recent/5

b) NPV vs IRR: Dependent projects

No differences with RBI on new bank licence norms: Pranab ...
Mar 27, 2011 . MUMBAI: Finance Minister Pranab Mukherjee today termed as "conjectures and media speculations" the reported differences between him and .
http://articles.economictimes.indiatimes.com/2011-03-27/news/29194815_1_foreign-banks-new-banks-central-bank

Example:

Report of the Expert Committee on Licensing of New Urban Co ...
2.1 Urban Co-operative Banks (UCBs) are at the base . banks particularly in the light of guidelines on newer instruments issued to commercial banks by RBI.
http://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=648


Initial Investment Outlay

Net Inflow at the Year End

Project A

-9,500

11,500

Project B

-15,000

18,000

Banking licence draft guidelines in next 15-20 days: FinMin - Livemint
New Delhi: The Reserve Bank of India (RBI) will bring out a second draft of the proposed guidelines for issuance of new banking licences in the next 15 to 20 .
http://www.livemint.com/Politics/ToeBSq2BszKZ9Wk7nZ3KUL/Banking-licence-draft-guidelines-in-next-1520-days-FinMin.html

= $954.55

= $1,363.64

Both projects are of one-year duration:

IRRA:

Master Circulars - Reserve Bank of India
Draft Notifications/ Guidelines · Master Circulars · FEMA · RBI Push · Pension · For RSS . Master Circular on Branch Licensing - Regional Rural Banks, 186 kb .
http://www.rbi.org.in/scripts/bs_viewmastercirculars.aspx

= 1.21-1

therefore IRRA = 21%

IRRB:

Entry of new banking players may be delayed
Aug 30, 2011 . Though the much-awaited draft norms for new banking licences were announced by the Reserve Bank of India (RBI) on Monday, prospective .
http://www.business-standard.com/india/news/entrynew-banking-players-may-be-delayed/447499/

= 1.2-1

therefore IRRB = 20%

Decision:

Featured Articles about Banking License - Page 2 - Economic Times
KOLKATA: Reserve Bank of India (RBI) would shortly come out with draft norms on new banking licences, a senior RBI official said. "RBI will shortly come out .
http://articles.economictimes.indiatimes.com/keyword/banking-license/featured/2

NPVA and NPVB are both positive
IRRA > k AND IRRB > k

RBI sets holding company rider for bank licence - Economic Times
Mar 23, 2011 . The draft guidelines sent to the finance ministry stipulate that companies and promoters considered eligible for banking licence by RBI would .
http://articles.economictimes.indiatimes.com/2011-03-23/news/29178406_1_new-banks-financial-sector-regulators-central-bank

If we use the NPV method:

Certificates of Authorisation issued by the Reserve Bank of India ...
Jul 31, 2012. and Supervision of Payment and Settlement Systems Regulations, 2008 . Affiliation of credit card issued by banks or any other entity approved by . C-9, 8th Floor, RBI Premises, Bandra - Kurla Complex, Bandra East, Mumbai–400 051 . . ATM sharing with co-operative banks licensed by Reserve Bank .
http://www.rbi.org.in/scripts/PublicationsView.aspx?id=12043

If we use the IRR method:

RBI submits draft guidelines on new banking licences to FinMin ...
Mar 15, 2011 . Finance Ministry has received draft guidelines on the new banking licence from the Reserve Bank, which is expected to make it public by the .
http://www.indianexpress.com/news/rbi-submits-draft-guidelines-on-new-banking-licences-to-finmin/762848

'Know Your Customer' (KYC) Guidelines - RBI Website - Reserve ...
Jul 2, 2012 . guidelines to the banks based on the Recommendations of the . ii) Any registration / licensing document issued in the name of the proprietary .
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/34MCKY020712.pdf

Draft RBI norms may deter cos from opening banks
Sep 20, 2011 . Norms relating to the ownership and listing of new private banks, as proposed in the Reserve Bank of India's (RBI) draft guidelines, may .
http://www.business-standard.com/india/news/draft-rbi-norms-may-deter-cosopening-banks/449787/

Licensing of new banks - The Hindu Business Line
Nov 23, 2011 . The draft guidelines for 'licensing of new banks in the private sector' . and strategic performance, Assocham said in a note to the RBI.
http://www.thehindubusinessline.com/industry-and-economy/banking/article2653637.ece

Tough norms for banking licences to corporates
Apr 12, 2011 . “RBI is planning to issue the guidelines for banking licences before the close of this financial year (2010-11),” Finance Minister Pranab .
http://www.business-standard.com/india/news/tough-norms-for-banking-licences-to-corporates-/431953/

Differences in the scale of investment

Initial Private Opinion: RBI norms for new bank licenses
Aug 29, 2011 . RBI norms for new bank licenses. The Reserve Bank of India released on its website today, the Draft Guidelines for “Licensing of New Banks in .
http://spparekh.blogspot.com/2011/08/rbi-norms-for-new-bank-licenses.html

Years

0

1

2

3

Project A

-2,500

1,500

1,500

1,500

Project B

-14,000

7,000

7,000

7,000

Assume k= 10%.

RBI Issues Private Bank License Guidelines India's Quaterly Growth ...
—CHINESE PROVERB. RBI Issues Private Bank License Guidelines. The Reserve Bank Of India has paved the way for corporate India to enter banking, but set .
http://sscbsdu.ac.in/files/weeklypulse/wp7.pdf


= $1,500 x 2.487

How far can new banking licenses be banked upon? : Rupee Times
Banking regulator, Reserve Bank of India has been working on the issue for some time and has come up with draft guidelines for issuing fresh banking licenses. . NBFCs' already come under RBI regulation and that could prove to be a plus .
http://www.rupeetimes.com/article/personal_loan/how_far_can_new_banking_licenses_be_banked_upon_4215.html


= $1,230.50.

RBI offers new branch licences to StanChart, Deutsche Bank
Dec 20, 2011 . Bankers said foreign lenders had asked RBI to sort issues related to capital gain tax, priority sector requirements and the branch licensing .
http://www.business-standard.com/india/news/rbi-offers-new-branch-licences-to-stanchart-deutsche-bank/459086/


= $7,000 x 2.487
= $17,409 - $14,000
= $3,409.00.

IRRA =

= 1.67.

Therefore IRRA = 36% (from the tables)

IRRB =

= 2.0

Therefore IRRB = 21%

Decision:

Conflicting, as:

· NPV prefers B to A
· IRR prefers A to B


NPV

IRR

Project A

$ 3,730.50

36%

Project B

$17,400.00

21%

See figure 6.3.

New Bank Licensing Policy-eligibility rewritten - The Associated ...
RBI Discussion Paper on Banking License 2010. Topics for Discussion. 1. Minimum capital requirements for new banks and promoters contribution. Minimum .
http://www.assocham.org/events/recent/event_495/Jagannadham.ppt

To show why:

RBI(PD)CC.250 dated December 02, 2011 - Reserve Bank of India
Dec 2, 2011 . All other provisions of the Non-Banking Financial (Non-Deposit accepting or holding) Companies Prudential Norms (Reserve Bank) Directions, .
http://rbi.org.in/scripts/NotificationUser.aspx?Id=6857&Mode=0

ii) the NPV is superior to the IRR

Wait for new banking licences may get longer - Times Of India
Wait for new banking licences may get longer. TNN Jun 3, 2011, 12.34am IST . RBI has, however, failed to meet the guidelines set by the finance ministry.
http://articles.timesofindia.indiatimes.com/2011-06-03/india-business/29616569_1_bank-licences-banking-regulation-act-new-bank


Draft norms on new bank licences soon - The Hindu
Jun 2, 2011 . Based on this, they will come out with draft guidelines (on new bank . Keywords: RBI, banking norms, finance ministry, banking licence .
http://www.thehindu.com/business/Industry/article2071160.ece


0

1

2

3

Project B

- 14,000

7,000

7,000

7,000

Project A

- 2,500

1,500

1,500

1,500

"B minus A"

- 11,500

5,500

5,500

5,500

IRR"B Minus A"

= 2.09

= 20%

c) Choosing B is equivalent to: A + (B - A) = B

RBI to allow 4 new banks, begin process this month - Indian Express ...
The RBI had last issued guidelines for new banks in 2001 and given licences to Kotak Mahindra Bank and Yes Bank in 2003. The RBI's announcement now will .
http://m.indianexpress.com/news/rbi-to-allow-4-new-banks-begin-process-this-month/1011999/

Draft guideline for new banks in consultation with Govt, says RBI
In the Budget 2011—12, Finance Minister Mr Pranab Mukherjee had said the RBI plans to issue guidelines for the grant of new banking licences before the .
http://www.thehindubusinessline.com/industry-and-economy/banking/article1988523.ece

Setting up of new banks seem a bit unfair because of certain rules ...
Setting up of new banks seem a bit unfair because of certain rules by RBI. October 20, 2011, Thursday, 12:37 GMT | 07:37 EST | 16:07 IST | 18:37 SGT .
http://www.stockmarketsreview.com/extras/setting_up_of_new_banks_seem_a_bit_unfair_because_of_certain_rules_by_rbi_20111020_177411/

Pranab Mukherjee against 49% cap on FDI in new banks ...
Mar 24, 2011 . The RBI was expected to issue the draft guidelines for new bank licences before . RBI may issue some banking licences this fiscal: Finance.
http://articles.economictimes.indiatimes.com/2011-03-24/news/29181408_1_new-banks-foreign-banks-central-bank

Cannot move on new banking rules till amendment in Act: RBI ...
Cannot move on new banking rules till amendment in Act: RBI. Aug 29, 2012 · Follow @ . “We want new bank licence rules to apply to existing banks:. Business .
http://www.firstpost.com/business/cannot-move-on-new-banking-rules-till-amendment-in-act-rbi-435614.html

'Banking licence draft guideline in few days' - Indian Express
Mar 29, 2011 . In Budget 2011-12, finance minister Pranab Mukherjee had said that the RBI plans to issue guidelines for the grant of new banking licences .
http://www.indianexpress.com/news/banking-licence-draft-guideline-in-few-days/768507

Corporates, including the Tatas, Ambanis, Mahindras, Birlas and Bajaj
Sep 4, 2011 . The groups interested in seeking a banking licence also include Religare, . investment banking major Morgan Stanley said the RBI guidelines .
http://articles.economictimes.indiatimes.com/2011-09-04/news/30112769_1_public-sector-banking-space-banking-ambitions

RBI to allow 4 new banks, begin process this month - Indian Express ...
Since liberalisation in 1991, the RBI has given licences to 12 private banks in two phases. Ten of these banks were set up on the basis of guidelines issued in .
http://m.indianexpress.com/news/rbi-to-allow-four-new-banks/1012152/

Advantage of NPV:

SKS Microfinance may approach RBI for bank licence
Sep 4, 2012 . The RBI draft guidelines on new bank licences stipulate 25 per cent of the NBFC . Keywords: SKS Microfinance, banking licence, rural areas, .
http://www.thehindubusinessline.com/industry-and-economy/banking/article2423891.ece

Disadvantage of IRR:

Minimum capital for new banks fixed at Rs - The Hindu Business Line
The guidelines categorically rule out licences for entities or groups that are engaged in real estate construction, . Keywords: New bank licence, draft norms, RBI .
http://www.thehindubusinessline.com/industry-and-economy/banking/article2408824.ece

The timing of the cash flow

India May Invite Applications for New Banking Licenses This Month ...
3 hours ago . India's central bank is likely to issue final guidelines for new banks and . the RBI was considering a fresh issue of banking licenses to private .
http://www.4-traders.com/KOTAK-MAHINDRA-BANK-LIMIT-9059013/news/India-May-Invite-Applications-for-New-Banking-Licenses-This-Month-Report-15262024/

BankBazaar | What's in store for new entrants in banking?
RBI, on 29th Aug, 2011, issued draft guidelines for licensing of new banks in the private sector. This has been cheered by corporates and NBFCs, especially .
http://www.bankbazaar.com/guide/whats-in-store-for-new-entrants-in-banking/32224/


0

1

2

Project A

- 100

20

125.00

Project B

- 100

100

31.25

"A minus B"

0

- 80

88.15

Assume k = 10%


NPV

IRR

Project A

17.3

20.0%

Project B

16.7

25.0%

"A minus B"

0.6

10.9%

Rajan against bank licence for corporates - Times Of India
Apr 2, 2011 . Rajan against bank licence for corporates. TNN Apr 2 . This year he reiterated that RBI's draft guidelines would be out by March 31. However .
http://articles.timesofindia.indiatimes.com/2011-04-02/india-business/29374075_1_banking-licences-rbi-policy-nbfcs

RBI-industry meeting to take up banking licence norms on Oct 7
Sep 30, 2010 . Mumbai: The Reserve Bank of India (RBI) will kick-start its interaction on the proposed banking licensing norms with various industry bodies on .
http://www.financialexpress.com/news/rbiindustry-meeting-to-take-up-banking-licence-norms-on-oct-7/690151/

The horizon problem

The Hindu : Opinion / Editorial : Raising the bar
Aug 31, 2011 . RBI Governor D. Subbarao was airing a widely held apprehension . The limited attempts at licensing new private banks through guidelines .
http://www.thehindu.com/opinion/editorial/article2415582.ece


0

1

2

3

4

Project A

-100

120

-

-

-

Project B

-100

-

-

-

174

Assume k = 10%


NPV

IRR

Project A

9

20%

Project B

19

15%

Decision:

NPV prefers B to A
IRR prefers A to B.

The profitability index - PI

RBI won't open licence floodgates - Times Of India
Aug 22, 2011 . MUMBAI: Several corporates aspiring for banking licences may end up . guidelines would be how RBI defines the fit and proper guidelines.
http://articles.timesofindia.indiatimes.com/2011-08-22/india-business/29914397_1_banking-licence-discussion-paper-central-bank

Decision rule:

PI > 1; accept the project
PI < 1; reject the project

Foreign Exchange License Under RBI Act | eHow.com
The foreign exchange license under the RBI Act defines the role of authorized dealers and the . with central functions and procedures for conducting foreign exchange and banking transactions. . RBI FOREX Rules; RBI Forex Regulations .
http://www.ehow.com/facts_7721368_foreign-license-under-rbi-act.html

NPV = PV - Io = 0
PV = Io

Dividing both sides by Io we get:

RBI says banking license distribution to be a strict process : Rupee ...
Aug 24, 2011 . RBI says banking license distribution to be a strict process . RBI, while talking in line with the draft guidelines for bank license coming up.
http://www.rupeetimes.com/news/home_loans/rbi_says_banking_license_distribution_to_be_a_strict_process_5730.html


PV of CF

Io

PI

Project A

100

50

2.0

Project B

1,500

1,000

1.5

Decision:

RBI should lay down entry norms for new banks, says Rangarajan ...
Sep 6, 2012 . “Our decision on how many new banks to be licenses must be based on . RBI issued draft guidelines on new bank licenses in August 2011.
http://wrd.mydigitalfc.com/news/rbi-should-lay-down-entry-norms-new-banks-says-rangarajan-817

Disadvantage of PI:

Uncertainty continues over licences to new private banks ...
May 3, 2011 . In the Budget 2011-12, Finance Minister Pranab Mukherjee had said the RBI plans to issue guidelines for the grant of new banking licences .
http://articles.economictimes.indiatimes.com/2011-05-03/news/29499869_1_discussion-paper-sector-banks-local-area-banks

The payback period (PP)

Setting the bar for new banks - The Hindu Business Line
The RBI, in its guidelines, has ensured that the core objective of improving . The RBI has ruled out banking licences for groups with income or assets of more .
http://www.thehindubusinessline.com/features/investment-world/article2442181.ece

We may differ with RBI, but come to a consensus: D K Mittal
Mar 22, 2012 . When is RBI coming with final guidelines on new bank licences? RBI is waiting for passage of Banking Regulation Bill. When they have the .
http://www.business-standard.com/india/news/we-may-differrbicome-toconsensus-d-k-mittal/468655/

Example 1:

Years

0

1

2

3

4

5

Project A

1,000,000

250,000

250,000

250,000

250,000

250,000

For a project with equal annual receipts:

= 4 years

Example 2:

Years

0

1

2

3

4

Project B

- 10,000

5,000

2,500

4,000

1,000

Report on Internet Banking Chapter-1 - RBI Website - Reserve Bank ...
banking and financial regulations, IT regulations, tax laws, depositor protection, . policy of MAS already allows all banks licensed in Singapore to use the .
http://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/21595.pdf

Scheme for Authorized Dealers Category I (AD) banks
Further, AD Category –I banks, ADs Category – II and FFMCs may appoint franchisees . and prevailing Reserve Bank regulations regarding money changing. . Note:- No licence for appointment of franchisees will be issued to any FFMC .
http://www.rbi.org.in/scripts/FAQView.aspx?Id=54

Sum of money to be recovered by end of 3rd year

Cos want more time for stake dilution in new banks: RBI - Indian ...
Jul 11, 2012 . The RBI on Tuesday released the gist of suggestions and comments it received for the draft guidelines on new banks licenses. The RBI had .
http://www.indianexpress.com/news/cos-want-more-time-for-stake-dilution-in-new-banks-rbi/972701/0

= $2,500

= 2.625 years

Disadvantages of the payback method:

Licensing Policy for Authorised Persons - Reserve Bank of India
Dec 1, 2005 . There should however be clear eligibility norms for the classification and . All current and capital account transactions according to RBI directions issued from time-to-time. . 1) License to conduct Banking business in India.
http://www.rbi.org.in/scripts/PublicationDraftReports.aspx?ID=447

RBI submits draft guidelines on new banking licences
Mar 16, 2011 . The Ministry of Finance has received the Reserve Bank of India's (RBI's) draft guidelines on new banking licences.
http://www.business-standard.com/india/news/rbi-submits-draft-guidelinesnew-banking-licences/428655/

Shriram readies for banking foray | mydigitalfc.com
Mar 26, 2012 . The Reserve Bank of India (RBI) in its draft guidelines for banking licenses issued in August 2011 put down a number of stringent guidelines for .
http://wrd.mydigitalfc.com/opportunities/shriram-readies-banking-foray-076

The RBI Discussion Paper on Entry of New Banks in the Private ...
sector banking in India. There have been two guidelines, issued in 1993 and 2001, under which the RBI granted some licenses for private sector banking.
http://hawk.ethz.ch/serviceengine/Files/ISN/120525/ipublicationdocument_singledocument/a29a0f5c-4c62-4638-b0a7-3f75748a5658/en/ISAS_Insights_109.pdf

Advantages of the payback method:

RBI directs Uday Kotak to lower stake in the bank - Economic Times
Jun 27, 2012 . As of now, promoters of all private banks have been directed not to hold more . guidelines for issuing licenses for setting up of private sector bank. Under its draft guidelines, RBI has not promoters holding high stake in bank .
http://articles.economictimes.indiatimes.com/2012-06-27/news/32441413_1_private-banks-kotak-mahindra-bank-uday-kotak

The accounting rate of return - (ARR)

Master Circular on Branch Authorisation - Reserve Bank of India
Jul 1, 2011 . To provide a framework of rules / regulations / procedures to be followed by banks . 4.3 Notwithstanding the above, banks may approach RBI for any urgent . No amendment in licence would be required in such cases.
http://rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?Id=6568&Mode=0

India needs new banks, liquidity - Nishith Desai Associates
The RBI has postponed the release of guidelines for new banking licences in the private sector. But it surely has to device ways to pump more money into the .
http://www.nishithdesai.com/Media_Article/2011/India%20needs%20new%20banks%20liquidity.pdf

Example:

RBI proposals to issue new banking licences fire up NBFC stocks ...
Aug 12, 2010 . RBI proposals to issue new banking licences fire up NBFC stocks . in these shares till the central bank firms up guidelines for new entrants.
http://articles.economictimes.indiatimes.com/2010-08-12/news/27581288_1_new-banking-licences-nbfcs-public-sector-banks

RBI comes out with draft guidelines for licensing of new banks in ...
would issue guidelines for banking licences before the close of this financial year . Consequently, RBI has on 29th August, 2011 issued the draft “Guidelines for .
http://www.singhania.in/userfiles/RBI%20comes%20out%20with%20draft%20guidelines%20for%20licensing.pdf

= 15%

= 30%

Disadvantages:

Legal and Regulatory Framework for Co ... - Reserve Bank of India
When co-operative societies engage in banking business, in addition to the . banks, although they are required to obtain a licence under Section 22 of the . business are regulated by the Reserve Bank under the RBI Act11 and other . Companies Act12 and Companies (Acceptance of Deposits) Rules made thereunder.
http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/62572.pdf

Draft Guidelines for banks for undertaking PD business
Draft Guidelines for banks for undertaking PD business. As announced . The following categories of banks would be eligible to apply for PD license. (RBI's approval would be subject to compliance with all other relevant laws). (i) Banks which .
http://www.rbi.org.in/scripts/bs_viewcontent.aspx?Id=160

Money Transfer Service Scheme Money Transfer Service Scheme
registered Non-Banking Financial Company (NBFC), IATA approved Travel agents ( having minimum net worth of Rs.25 lakhs ) requires RBI approval to enter into such . A copy of the guidelines which are to be followed by the Indian agents while . Money Transfer is an unlicenced activity, the principal should be licensed/ .
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/36647.pdf

Who Is Fit And Who Is Unfit - RBI Is Watching - MBASkool
In this context, I am happy to inform the Honourable Members that the RBI is considering giving some additional banking licences to private sector players.
http://www.mbaskool.com/business-articles/finance/2131-who-is-fit-and-who-is-unfit-rbi-is-watching.html

Payment and Settlement Systems in India - Reserve Bank of India
The PSS Act as well as the Payment and Settlement System Regulations, 2008 . the Reserve Bank of India (RBI) can commence or operate a payment system in . for banks in October 2008, according to which only banks which are licensed .
http://www.rbi.org.in/scripts/PaymentSystems_UM.aspx

Corporates take expert help to clear bank licence test - Economic ...
Sep 1, 2011 . Under the draft norms, finance companies can be converted into banks, and . forced to do a lot of brainstorming before filing applications as the RBI may go . " The preparation for banking licence will largely look at what the .
http://articles.economictimes.indiatimes.com/2011-09-01/news/29953752_1_banking-foray-bank-licence-bajaj-finance

The payback and ARR methods in practice

RBI opening doors for corporates to enter banking industry but with ...
Aug 30, 2011 . In draft guidelines issued on Monday, the banking regulator laid down . the BR Act, it will be some time before the RBI issues the first licence.
http://articles.economictimes.indiatimes.com/2011-08-30/news/29945085_1_banking-licence-banking-regulation-act-br-act

Get real on bank licences - Economic Times
Mar 22, 2011 . With finance minister Pranab Mukherjee announcing that the RBI is planning to issue the guidelines for new banking licences before the close .
http://articles.economictimes.indiatimes.com/2011-03-22/news/29174569_1_bank-licences-banking-services-local-area-banks

IMPORTANT GUIDELINES ON BRANCH LICENSING – RRBs * 1 ...
GUIDELINES. • It is mandatory for Regional Rural Banks to seek prior approval/ licence from RBI before opening of new branches/offices with exception for .
http://www.iibf.org.in/documents/guide-lines-on-rrbs.pdf

New bank licences: Replace dogma with safeguards - Economic ...
Aug 18, 2011 . So, with a little luck, we should see final guidelines take shape before the . speech that the RBI might be willing to grant new banking licences.
http://articles.economictimes.indiatimes.com/2011-08-18/news/29900717_1_new-bank-licences-banking-business-banking-regulation-act

1 CHAPTER 7 REGULATORY AND ... - Reserve Bank of India
regulatory/supervisory norms are in place, the domestic banking sector could be vulnerable. . a need for the RBI to issue restricted banking licences to some .
http://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/72257.pdf

RBI sets the ball rolling on new branch licences
Apr 21, 2010 . Infra companies to gain from easing of lending norms . Branch licensing for foreign banks is strictly regulated by RBI and foreign banks, as a .
http://www.business-standard.com/india/news/rbi-setsball-rollingnew-branch-licences/392552/

RBI/2011-12/579 DNBS(PD).CC. No 275 /03.10.42 /2011-12 May 29 ...
May 29, 2012 . All Non Banking Financial Companies /. Residuary Non Banking Companies. Dear Sir,. Know Your Customer(KYC) guidelines -accounts of .
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/CEY290512KY.pdf

Proposed New Private Bank Licensing Rules | MUNDKUR LAW ...
To that end, the RBI has invited comments on a set of proposed guidelines for licensing additional private banks. As has been widely anticipated by industry .
http://www.mundkur.com/blawg/proposed-new-private-bank.html

Policy on Unlicensed and Weak Urban Cooperative Banks
Dec 7, 1999 . Thereafter it is required to apply for a licence to carry on banking business. . till such time the banks complied with norms prescribed by RBI. . (ii) Norms for licensing unlicensed banks should be objective and precise.
http://www.rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=134

The following information is available:

Profit/(loss)

 

Proposal A

Proposal B

$

$

Initial investment

46,000

46,000

Year 1

6,500

4,500

Year 2

3,500

2,500

Year 3

13,500

4,500

Year 4

Loss 1,500

Profit 14,500

Estimated scrap value at the end of Year 4

4,000

4,000

'Draft norms for banking licences in a few days' - Times Of India
Mar 29, 2011 . Mukherjee had said the RBI was planning to issue the guidelines for banking licences before the end of the financial year in March.
http://articles.timesofindia.indiatimes.com/2011-03-29/india-business/29357152_1_banking-licences-banking-regulation-act-full-banking

a) Calculate the following for both proposals:

i) the payback period to one decimal place

Mobile Payment in India - Operative Guidelines for ... - RBI Website
1.2 For the purpose of these Guidelines, “mobile payments” is defined as . 2.1 Only such banks which are licensed and supervised in India and have a physical .
http://rbidocs.rbi.org.in/rdocs/Content/PDFs/84978.pdf

names mens designer watches

Rules need to be altered before new bank licences are given: RBI ...
Aug 24, 2011 . Rules need to be altered before new bank licences are given: RBI. . Among the contenders for a banking licence are Srei Infrastructure .
http://www.livemint.com/Politics/nMrFQa95wzncEUZk6PwbuL/Rules-need-to-be-altered-before-new-bank-licences-are-given.html

Example:

Keymer Farm is considering investing in a project with the following cash flows:


TIME

ACTUAL CASH FLOWS

Z$

0

(100,000)

1

90,000

2

80,000

3

70,000

Department of Banking Operations and - Reserve Bank of India
May 21, 2009 . (ii) Reviewing of guidelines issued to banks on 'Know Your Customer' . guidelines in respect of Directors/Shareholders issued by RBI in terms of . Purchase of hardware and software including software licenses with a view .
http://www.rbi.org.in/scripts/PublicationsView.aspx?id=11354

Morgan Stanley gets banking licence from RBI | Firstpost
Morgan Stanley gets banking licence from RBI. May 30, 2012 . Finmin to finalise anti-avoidance tax rules in 20 days · Manufacturers not confident of Japan's .
http://www.firstpost.com/economy/morgan-stanley-gets-banking-licence-from-rbi-325701.html

RBI's annual monetary policy review: Proposals & guidelines ...
Apr 18, 2012 . RBI says it will issue guidelines on licensing to set up new urban co-operative banks (UCB) by end-June, 2012. In August 2011, an expert .
http://articles.economictimes.indiatimes.com/2012-04-18/news/31361487_1_anand-sinha-nbfcs-rbi

Amount received on 31 December in terms of the value of the dollar at 1 January:

= $10,769

RBI must be allowed to supercede bank boards: HDFC - CNBC-TV18
Aug 16, 2010 . However he is concerned that RBI will grant license to new banks . should be the real guidelines or rules under which new licenses will be .
http://www.moneycontrol.com/news/business/rbi-must-be-allowed-to-supercede-bank-boards-hdfc_478187.html

The two rates of return and the inflation rate are linked by the equation:

(1 + money rate) = (1 + real rate) x (1 + inflation rate)

MASTER CIRCULAR – PARA-BANKING ACTIVITIES
guidelines in order to ensure that the financial services or para-banking activities . banking activities as permitted by RBI have been compiled in this Master Circular. 2. Subsidiary . The following categories of banks may apply for PD licence: .
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/65MCP010709_F.pdf

In the example,

Disclaimer - Unicon
Aug 30, 2011 . RBI Draft Guidelines for Licensing of New Banks in the Private Sector. Key Highlights of the draft guidelines are: 1. Eligible promoters: Entities .
http://www.unicon.in/Research_Pdf/RBIDraftReport-NewBankingLicenses.pdf

= 1.40

RBI shares the criteria for new bank license. It is strict and difficult to ...
Aug 30, 2011 . The Reserve Bank of India (RBI) came out with its much awaited guidelines for new banking license. The only thing that can be said about the .
http://www.goodreturns.in/news/2011/08/30/rbi-criteria-bank-license-view.html

?????? ??????? ???? - RBI Website - Reserve Bank of India
(v) In terms of Regulation 5(1)(c) of the Scheduled Banks Regulations, the banks . cancelling the license in case of licensed banks and refuse license in case .
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/40MCI280611.pdf

RBI guidelines on new banking licences by March-end
Feb 28, 2011 . The Reserve Bank of India (RBI) will issue guidelines for new banking licences by the end of the current fiscal.
http://www.business-standard.com/india/news/rbi-guidelinesnew-banking-licences-by-march-end/127181/on

Would be interested in a banking license: IFCI - YouTube
Mar 2, 2010 . RBI apos;s paper on new bank license: How do NBFCs read it? 4:51 . Awaiting RBI guidelines on new banking licence: SREI Infraby .
http://www.youtube.com/watch?v=Z_dXcxzMu3U

TIME

CASH FLOW

DISCOUNT FACTOR

PV

$

40%

$

0

(150,000)

1.000

(100,000)

1

90,000

0.714

64,260

2

80,000

0.510

40,800

3

70,000

0.364

25,480




30,540

India needs new banks, liquidity: Pratibha Jain, Head of Banking ...
Nov 30, 2011 . The RBI has postponed the release of guidelines for new banking licences in the private sector. But it surely has to device ways to pump more .
http://articles.economictimes.indiatimes.com/2011-11-30/news/30458690_1_banking-licences-discussion-paper-foreign-banks

Approach Paper on Pre-paid payment instruments - Reserve Bank ...
Hitherto only banks proposing to issue pre-paid cards were approaching RBI for . a set of guidelines for pre-paid payment instruments that would cover both banks and . iii) What type of business will be licensed, supervised and/or reviewed?
http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=1817

TIME

ACTUAL CASH FLOW

CASH FLOW AT TIME 0 PRICE LEVEL

$

$

0

(100,000)

(100,000)


1

90,000

69,231

2

80,000

47,337

3

70,000

31,862

RBI FOREX Rules | eHow.com
It issues licenses to Fully Fledged Money Changers (FFMC) and Restricted . or banks, but the penalty for contravening the foreign exchange rules is hefty.
http://www.ehow.com/list_6611443_rbi-forex-rules.html

TIME

CASH FLOW

DISCOUNT FACTOR

PV

$

7.69%

$

0

(100,000)

1.000

(100,000)

1

69,231

64,246

2

47,337

40,804

3

31,862

25,490




30,540

New bank licences: The licenses that never came! - Economic Times
Dec 28, 2011 . Will it be a loss for the system if these new banks don't come up soon, or will it be a . RBI guidelines on new banking licences by July end .
http://articles.economictimes.indiatimes.com/2011-12-28/news/30565250_1_new-bank-licences-size-and-sophistication-banking-system

Expectations of inflation and the effects of inflation

Section 23 of the Banking Regulation Act, 1949 - Reserve Bank of ...
The opening of branches by banks is governed by the . without the prior approval of the Reserve Bank of India (RBI). Thus, it is mandatory for RRBs to seek prior approval/ licence from Rural Planning and .
http://rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?Id=6540&Mode=0

PSU NBFCs' banking plans may hit RBI wall
Sep 2, 2011 . The latest draft guidelines on new banking licences issued by the RBI on Monday specifically mention that the new licensees would be from the .
http://www.financialexpress.com/news/psu-nbfcs-banking-plans-may-hit-rbi-wall/840353/

Reserve Bank of India Proposes Tougher Capital, Sale Rules for New
Aug 30, 2011 . “We want a banking license and the guidelines announced are positive for . The Reserve Bank of India (RBI) building stands in Kolkata, India.
http://www.bloomberg.com/news/2011-08-29/reserve-bank-of-india-proposes-tougher-capital-sale-rules-for-new-banks.html

Banking licence draft guideline by end of this month: Finmin
Mar 29, 2011 . In the Budget 2011-12, Finance Minister Pranab Mukherjee had said the RBI plans to issue guidelines for the grant of new banking licences .
http://www.sarkaritel.com/news_and_features/march2011/29banking_licence_draft_guideline.htm

RBI : Tags : Rupee Times
RBI issues new guidelines for account opening forms. August 16, 2012 . RBI says banking license distribution to be a strict process. August 19, 2011 .
http://www.rupeetimes.com/tags/rbi/

Brokers deserve as fair a chance as banks - Economic Times
Dec 21, 2011 . RBI has come out with a set of draft guidelines for licensing new banks in the private sector. A trial balloon that the central bank launched, .
http://articles.economictimes.indiatimes.com/2011-12-21/news/30542869_1_banking-licence-central-bank-banking-model

paragraph 2 - Reserve Bank of India
Jul 1, 2008 . The Chairmen of all Regional Rural Banks/Sponsor Banks . approval/ licence from Rural Planning and Credit Department (RPCD) of RBI . VI (Rule 12) of Banking Companies Rules.1949 (Annex-I), with an advance copy .
http://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=4341

Mobile Banking in India - Guidelines - Mobile Payment Forum of India
RBI has accepted the recommendations of the Group to be implemented in a phased . Accordingly, the following guidelines are issued for implementation by banks. . Only such banks which are licensed and supervised in India and have a .
http://www.mpf.org.in/doc/March%2011%20doc%20to%20regulators.doc

India must tweak rules before giving firms bank licences - RBI ...
Aug 23, 2011 . "We have sent a draft amendment to the Banking Regulations Act to the . The RBI had last issued licenses a decade back and has said it will .
http://in.reuters.com/article/2011/08/23/idINIndia-58915820110823

RBI to issue draft norms on new bank licences soon: FinMin - Others ...
Jun 3, 2011 . RBI to issue draft norms on new bank licences soon: FinMin The Finance . a licence -- so they (RBI) are in a position to regulate the banking .
http://www.caclubindia.com/news/rbi-to-issue-draft-norms-on-new-bank-licences-soon-finmin-9441.asp

VI. Regulation, Supervision and Financial Stability - Reserve Bank of ...
Aug 25, 2011 . Banks in India are well capitalised and the Basel III norms are unlikely . gained from the licensing of new banks under the guidelines issued in 1993 . In order to raise awareness among banks about Basel III, RBI has been .
http://rbi.org.in/scripts/AnnualReportPublications.aspx?Id=1003

RBI guidelines on new banking licences by July end - Economic Times
Apr 20, 2010 . MUMBAI: The Reserve Bank on Tuesday said it will come out with a discussion paper on new norms for granting banking licences to private .
http://articles.economictimes.indiatimes.com/2010-04-20/news/28440293_1_banking-licences-discussion-paper-size-and-sophistication

Bank licences to corporates: Reserve Bank for strong rules
Aug 24, 2011 . Bank licences to corporates: Reserve Bank for strong rules . The RBI Governor exhorted the banking fraternity to engage with and seek .
http://www.thehindu.com/business/article2389599.ece

No clearcut public opinion on new banking license norms: RBI
Dec 9, 2010 . Reserve Bank of India (RBI) Governor D Subbarao today said the central bank was unable to discern a "clearcut" public opinion on the .
http://www.business-standard.com/india/news/no-clearcut-public-opinionnew-banking-license-norms-rbi/118764/on

LIC Housing Finance plans foray in banking sector - Economic Times
May 7, 2010 . The RBI is expected to come out with a discussion paper on new norms, for granting banking licences to private sector companies and .
http://articles.economictimes.indiatimes.com/2010-05-07/news/27594338_1_banking-licences-banking-sector-banking-licenses

PSUs like LIC, Power Finance Corporation may not get banking ...
Aug 24, 2011 . Currently, there are 21 public-sector banks besides five subsidiaries. . The RBI is expected to make the norms for new licences public soon.
http://articles.economictimes.indiatimes.com/2011-08-24/news/29922945_1_public-sector-banks-bank-licences-new-banks

Existing banking licence policy may be reviewed - CNBC-TV18
Aug 28, 2012 . So, these norms will also be reviewed by the government and then the RBI will finally have to take a decision. So banking licenses also will see .
http://www.moneycontrol.com/news/business/existing-banking-licence-policy-may-be-reviewed_750416.html

RBI plans to issue banking licenses to NBFC's
Aug 12, 2010 . RBI plans to issue banking licenses to NBFC's . The discussion paper deals with steps and guidelines for giving out new banking licenses to .
http://investmoneyinindia.com/2361/rbi-plans-to-issue-banking-licenses-to-nbfc%E2%80%99s

yurt rental los angeles

Accounting rate of return
Annuities
Capital budgeting
Cash flow
Classification of investment projects
Compound interest
Current cost accounting (CCA)
Current purchasing power (CPP)
Dependent projects
Independent projects
Inflation
Interest rate
Internal rate of return
Investment decision
Net present value
Payback period
Perpetuity
Present value
Rates of return
The time value of money


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