Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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</span></span></code>
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-Live Mint&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;
&lt;br /&gt;
India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;
&lt;br /&gt;
In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;
&lt;br /&gt;
They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;
In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;
&lt;br /&gt;
Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.&lt;br /&gt;
&lt;br /&gt;
ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;
&lt;br /&gt;
ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;
&lt;br /&gt;
A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.
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A SWOT analysis of 24 companies that are drawing up plans for their entry into banking 

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	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Live Mint&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;&lt;br /&gt;India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;&lt;br /&gt;In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;&lt;br /&gt;They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;&lt;br /&gt;Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;&lt;br /&gt;Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.&lt;br /&gt;&lt;br /&gt;Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.&lt;br /&gt;&lt;br /&gt;ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;&lt;br /&gt;ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;&lt;br /&gt;A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;
&lt;br /&gt;
India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;
&lt;br /&gt;
In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;
&lt;br /&gt;
They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;
In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;
&lt;br /&gt;
Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;
&lt;br /&gt;
Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.&lt;br /&gt;
&lt;br /&gt;
Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.&lt;br /&gt;
&lt;br /&gt;
ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;
&lt;br /&gt;
ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;
&lt;br /&gt;
A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.
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A SWOT analysis of 24 companies that are drawing up plans for their entry into banking 

Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Live Mint&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;&lt;br /&gt;India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;&lt;br /&gt;In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;&lt;br /&gt;They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;&lt;br /&gt;Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;&lt;br /&gt;Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.&lt;br /&gt;&lt;br /&gt;Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.&lt;br /&gt;&lt;br /&gt;ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;&lt;br /&gt;ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;&lt;br /&gt;A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.&lt;/div&gt;&#039;
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A SWOT analysis of 24 companies that are drawing up plans for their entry into banking 

Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and..."/>
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                <strong>New bank licences: The contenders -Dinesh Unnikrishnan</strong></h1>
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                <div align="justify">-Live Mint<br /><br /><br /><em>A SWOT analysis of 24 companies that are drawing up plans for their entry into banking <br /></em><br /><em>Mumbai: </em>The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.<br /><br />India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.<br /></div><div align="justify">&nbsp;</div><div align="justify">The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.<br /><br />In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.<br /><br />They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.<br />In 2003-04, two more banks were given licences&mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.<br /><br />Of these, Times Bank was merged with HDFC Bank in February 2000&mdash;the first of the so-called friendly mergers in India&rsquo;s banking history and also the first that was done by swapping shares.<br /><br />Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.<br /><br />Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.<br /><br />ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.<br /><br />ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.<br /><br />A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&rsquo;s 10th largest economy.</div>               </font>
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-Live Mint&lt;br /&gt;
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&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;
&lt;br /&gt;
India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;
&lt;/div&gt;
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&amp;nbsp;
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The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;
&lt;br /&gt;
In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;
&lt;br /&gt;
They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;
In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;
&lt;br /&gt;
Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;
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&lt;br /&gt;
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ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;
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ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;
&lt;br /&gt;
A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.
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&lt;/em&gt;&lt;br /&gt;
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&lt;br /&gt;
India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;
&lt;/div&gt;
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&amp;nbsp;
&lt;/div&gt;
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The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;
&lt;br /&gt;
In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;
&lt;br /&gt;
They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;
In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;
&lt;br /&gt;
Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;
&lt;br /&gt;
Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;
&lt;br /&gt;
ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;
&lt;br /&gt;
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A SWOT analysis of 24 companies that are drawing up plans for their entry into banking 

Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Live Mint&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;&lt;br /&gt;India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;&lt;br /&gt;In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;&lt;br /&gt;They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;&lt;br /&gt;Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;&lt;br /&gt;Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.&lt;br /&gt;&lt;br /&gt;Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.&lt;br /&gt;&lt;br /&gt;ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;&lt;br /&gt;ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;&lt;br /&gt;A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.&lt;/div&gt;&#039;
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                <strong>New bank licences: The contenders -Dinesh Unnikrishnan</strong></h1>
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                <div align="justify">-Live Mint<br /><br /><br /><em>A SWOT analysis of 24 companies that are drawing up plans for their entry into banking <br /></em><br /><em>Mumbai: </em>The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.<br /><br />India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.<br /></div><div align="justify">&nbsp;</div><div align="justify">The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.<br /><br />In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.<br /><br />They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.<br />In 2003-04, two more banks were given licences&mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.<br /><br />Of these, Times Bank was merged with HDFC Bank in February 2000&mdash;the first of the so-called friendly mergers in India&rsquo;s banking history and also the first that was done by swapping shares.<br /><br />Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.<br /><br />Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.<br /><br />ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.<br /><br />ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.<br /><br />A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&rsquo;s 10th largest economy.</div>               </font>
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&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;
&lt;br /&gt;
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The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;
&lt;br /&gt;
In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;
&lt;br /&gt;
They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;
In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;
&lt;br /&gt;
Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;
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ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;
&lt;br /&gt;
A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.
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	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Live Mint&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;&lt;br /&gt;India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;&lt;br /&gt;In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;&lt;br /&gt;They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;&lt;br /&gt;Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;&lt;br /&gt;Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.&lt;br /&gt;&lt;br /&gt;Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.&lt;br /&gt;&lt;br /&gt;ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;&lt;br /&gt;ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;&lt;br /&gt;A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.&lt;/div&gt;&#039;,
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&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;
&lt;br /&gt;
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&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;
&lt;br /&gt;
In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;
&lt;br /&gt;
They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;
In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;
&lt;br /&gt;
Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;
&lt;br /&gt;
Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.&lt;br /&gt;
&lt;br /&gt;
Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.&lt;br /&gt;
&lt;br /&gt;
ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;
&lt;br /&gt;
ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;
&lt;br /&gt;
A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.
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-Live Mint


A SWOT analysis of 24 companies that are drawing up plans for their entry into banking 

Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Live Mint&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;em&gt;A SWOT analysis of 24 companies that are drawing up plans for their entry into banking &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.&lt;br /&gt;&lt;br /&gt;India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.&lt;br /&gt;&lt;br /&gt;In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.&lt;br /&gt;&lt;br /&gt;They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.&lt;br /&gt;In 2003-04, two more banks were given licences&amp;mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.&lt;br /&gt;&lt;br /&gt;Of these, Times Bank was merged with HDFC Bank in February 2000&amp;mdash;the first of the so-called friendly mergers in India&amp;rsquo;s banking history and also the first that was done by swapping shares.&lt;br /&gt;&lt;br /&gt;Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.&lt;br /&gt;&lt;br /&gt;Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.&lt;br /&gt;&lt;br /&gt;ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.&lt;br /&gt;&lt;br /&gt;ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.&lt;br /&gt;&lt;br /&gt;A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&amp;rsquo;s 10th largest economy.&lt;/div&gt;&#039;
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                <strong>New bank licences: The contenders -Dinesh Unnikrishnan</strong></h1>
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                <div align="justify">-Live Mint<br /><br /><br /><em>A SWOT analysis of 24 companies that are drawing up plans for their entry into banking <br /></em><br /><em>Mumbai: </em>The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.<br /><br />India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.<br /></div><div align="justify">&nbsp;</div><div align="justify">The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.<br /><br />In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.<br /><br />They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.<br />In 2003-04, two more banks were given licences&mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.<br /><br />Of these, Times Bank was merged with HDFC Bank in February 2000&mdash;the first of the so-called friendly mergers in India&rsquo;s banking history and also the first that was done by swapping shares.<br /><br />Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.<br /><br />Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.<br /><br />ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.<br /><br />ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.<br /><br />A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&rsquo;s 10th largest economy.</div>               </font>
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-Live Mint<br />
<br />
<br />
<em>A SWOT analysis of 24 companies that are drawing up plans for their entry into banking <br />
</em><br />
<em>Mumbai: </em>The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.<br />
<br />
India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.<br />
</div>
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&nbsp;
</div>
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The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.<br />
<br />
In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.<br />
<br />
They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.<br />
In 2003-04, two more banks were given licences&mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.<br />
<br />
Of these, Times Bank was merged with HDFC Bank in February 2000&mdash;the first of the so-called friendly mergers in India&rsquo;s banking history and also the first that was done by swapping shares.<br />
<br />
Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.<br />
<br />
Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.<br />
<br />
ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.<br />
<br />
ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.<br />
<br />
A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&rsquo;s 10th largest economy.
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A SWOT analysis of 24 companies that are drawing up plans for their entry into banking 

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	'title' => 'New bank licences: The contenders -Dinesh Unnikrishnan',
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-Live Mint<br />
<br />
<br />
<em>A SWOT analysis of 24 companies that are drawing up plans for their entry into banking <br />
</em><br />
<em>Mumbai: </em>The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.<br />
<br />
India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.<br />
</div>
<div align="justify">
&nbsp;
</div>
<div align="justify">
The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.<br />
<br />
In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.<br />
<br />
They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.<br />
In 2003-04, two more banks were given licences&mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.<br />
<br />
Of these, Times Bank was merged with HDFC Bank in February 2000&mdash;the first of the so-called friendly mergers in India&rsquo;s banking history and also the first that was done by swapping shares.<br />
<br />
Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.<br />
<br />
Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.<br />
<br />
ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.<br />
<br />
ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.<br />
<br />
A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&rsquo;s 10th largest economy.
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-Live Mint


A SWOT analysis of 24 companies that are drawing up plans for their entry into banking 

Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and...'
$disp = '<div align="justify">-Live Mint<br /><br /><br /><em>A SWOT analysis of 24 companies that are drawing up plans for their entry into banking <br /></em><br /><em>Mumbai: </em>The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks.<br /><br />India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.<br /></div><div align="justify">&nbsp;</div><div align="justify">The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years.<br /><br />In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government.<br /><br />They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd.<br />In 2003-04, two more banks were given licences&mdash;Kotak Mahindra Bank Ltd and Yes Bank Ltd.<br /><br />Of these, Times Bank was merged with HDFC Bank in February 2000&mdash;the first of the so-called friendly mergers in India&rsquo;s banking history and also the first that was done by swapping shares.<br /><br />Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market.<br /><br />Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab.<br /><br />ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country.<br /><br />ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004.<br /><br />A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world&rsquo;s 10th largest economy.</div>'
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New bank licences: The contenders -Dinesh Unnikrishnan

-Live Mint A SWOT analysis of 24 companies that are drawing up plans for their entry into banking Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two new banks. India nationalized 14 large banks in 1969 and another six in 1980. RBI has so far given licences to only a dozen private banks in two phases, including the conversion of a cooperative bank into a commercial bank.   The first round of licences was issued in 1993, when the capital requirement for new banks was set at Rs.100 crore. In 2001, the apex bank fixed the initial capital requirement at Rs.200 crore to be raised to Rs.300 crore in three years. In the first round, the central bank issued licences to 10 private sector banks in 1993-94, shortly after a round of economic liberalization under the P.V. Narasimha Rao government. They were Global Trust Bank Ltd, ICICI Bank Ltd, HDFC Bank Ltd, UTI Bank Ltd (renamed Axis Bank Ltd), Bank of Punjab, IndusInd Bank Ltd, Centurion Bank Ltd, IDBI Bank Ltd, Times Bank and Development Credit Bank Ltd. In 2003-04, two more banks were given licences—Kotak Mahindra Bank Ltd and Yes Bank Ltd. Of these, Times Bank was merged with HDFC Bank in February 2000—the first of the so-called friendly mergers in India’s banking history and also the first that was done by swapping shares. Global Trust Bank was forced to merge with Oriental Bank of Commerce in August 2004 after the Hyderabad-based bank succumbed to the burden of non-performing assets, largely because of its exposure to the stock market. Bank of Punjab was acquired by Centurion Bank in June 2005 to form Centurion Bank of Punjab. Three years down the line, in May 2008, HDFC Bank took over Centurion Bank of Punjab. ICICI Bank, HDFC Bank and Axis Bank (formerly UTI Bank), promoted by financial institutions, have emerged as the top three private banks in the country. ICICI Ltd, the project finance institution that promoted ICICI Bank, was merged with the bank in 2002 as the parent found it difficult to survive without access to cheap funding, and competition between financial institutions and commercial banks intensified. Industrial Development Bank of India (IDBI) followed this same route and merged with IDBI Bank in 2004. A look at some of the companies that could be among the contenders for a licence to enter the Rs.75 trillion banking industry in the world’s 10th largest economy.