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
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