RBI releases names of applicants under Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks
The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. As on date, applications for Universal Banks and Small Finance Banks, under the aforementioned guidelines, have been received by the Reserve Bank from the following applicants:
Applicants under Guidelines for ‘on tap’ Licensing of Universal Banks
-
UAE Exchange and Financial Services Limited
-
The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank)
-
Chaitanya India Fin Credit Private Limited
-
Shri Pankaj Vaish and others
Applicants under Guidelines for ‘on tap’ Licensing of Small Finance Banks
-
VSoft Technologies Private Limited
-
Calicut City Service Co-operative Bank Limited
-
Shri Akhil Kumar Gupta
-
Dvara Kshetriya Gramin Financial Services Private Limited
It may be recalled that the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks in the Private Sector, were issued on August 1, 2016 and December 5, 2019 respectively. The constitution and composition of Standing External Advisory Committee for evaluating the applications received under the aforementioned guidelines was announced on March 22, 2021
- Benefit of ITC accrued under UP VAT Act after introduction of GST Act 2017 – SLP admitted
- Mounting auto rickshaw body on chassis, amounts to new product – Supreme Court
- Registration u/s 12A granted without applying tests laid down by Apex Court set aside
- In absence of satisfaction recorded for penalty u/s 271D, penalty couldn’t be levied
- GST Act requires personal hearing either on request, or when adverse order is contemplated