Payments bank licence to leverage telecom, retail biz: RIL

Last Updated: Friday, August 21, 2015, 19:30

RIL on Friday said the payments bank licence will "leverage" its telecom business Reliance Jio's pan-India network and retail arm's model, even as its tie-up with SBI will help create the most extensive distribution network in India.

Payments banks to change banking habits of Indians: Jaitley

Last Updated: Friday, August 21, 2015, 14:46

RBI has given nod to 11 entities to launch such niche banks within next 18 months.

RIL raises $225 million through overseas bond issue

Last Updated: Thursday, August 20, 2015, 12:31

Reliance Industries Ltd (RIL) on Thursday said it has raised USD 225 million (about Rs 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.

What is Payment Bank and how does it work

Last Updated: Thursday, August 20, 2015, 09:38

Here is what you need to know about the functions of payment bank and what are the benefits you can avail from it.

Reliance, Airtel, Vodafone, eight others get RBI nod to set up payments banks

Last Updated: Thursday, August 20, 2015, 09:30

Payments bank licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds.

RBI gives nod to 11 including RIL, Airtel and Vodafone for payments bank

Last Updated: Wednesday, August 19, 2015, 18:25

Payments bank licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds.

RCom short-lists bidders for stake sale in tower arm

Last Updated: Monday, August 17, 2015, 16:09

Reliance Infratel has more than 45,000 mobile towers, and proceeds from the stake sale will help the company reduce debt this fiscal.

RIL loses most profitable tag again, this time to IOC

Last Updated: Sunday, August 16, 2015, 19:00

Within two quarters of losing its 23-year-old reign as the country's most profitable company to TCS in the December quarter, Reliance Industries was again humbled in the June quarter, this time by Indian Oil.

RCom Q1 net jumps 34% at Rs 177 crore

Last Updated: Friday, August 14, 2015, 21:25

Reliance Communications on Friday reported a 34 percent jump in its net profit at Rs 177 crore for the quarter ended June 30 on the back of growth in data.

Reliance Capital Q1 net profit up 22.5% at Rs 201 crore

Last Updated: Friday, August 14, 2015, 15:42

Financial Services firm Reliance Capital on Friday reported a 22.5 percent rise in net profit at Rs 201 crore for the first quarter ended June 30.

RInfra Q1 net down 12.39% to Rs 401 crore

Last Updated: Wednesday, August 12, 2015, 19:04

Reliance Infrastructure Wednesday reported over 12.39 percent drop in its net profit at Rs 400.91 crore for the April-June quarter due to factors including higher finance cost and statutory payments related to Delhi Airport Metro.