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RBI rejects applications of 9 out of 12 entities that sought to set up banks

RBI rejects applications of 9 out of 12 entities that sought to set up banks
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RBI rejects 3 applications for setting up small finance banks

RBI rejects 3 applications for setting up small finance banks
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RBI rejects 3 not suitable applications for setting small finance banks

Small Finance Banks: RBI rejects 3 applications for setting up small finance banks

The Reserve Bank of India has rejected three applications, including that of West End Housing Finance, for setting up small finance banks. These applications were found not suitable for granting of in-principle approval to set up small finance banks, it said in a statement on Tuesday.

bank licence: RBI rejects three applications for small finance bank licences

The rejected applicants are Akhil Kumar Gupta; Cosmea Financial Holdings, which is promoted by former Reliance Capital managing director Sam Ghosh; and West End Housing Finance.

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