Page 4 - Calicut City Service Bank News Today : Breaking News, Live Updates & Top Stories | Vimarsana
RBI says 6 applicants found not suitable for bank permits
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RBI receives 2 applications for small finance banks
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RBI receives 2 applications for small finance banks
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Repco seeks Universal Bank Licence
Calicut City Co-op Bank seeks SFB licence
The Reserve Bank of India has released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. There are two urban co-op banks in each category.
The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank) is one of the four applicants which has applied for Licensing of Universal Banks.
Calicut City Service Co-operative Bank is another UCB which has applied for licence under Small Finance Banks, says RBI release.
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.
Softbank Group to invest $450 million in Swiggy at $5.5 billion value
SoftBank Group Corp. is investing in Swiggy at a $5.5 billion valuation, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena. The $450 million funding came from Masayoshi Son’s Vision Fund 2, a person familiar with the matter said. The financing awaits approval from Indian antitrust regulators, the person added, asking not to be identified talking about a private deal.
Decision in 3 working days after foreign Covid-19 vaccine firms apply The Indian health regulator will take a decision within three working days of a foreign vaccine maker seeking emergency use approval, the Centre said on Thursday in a definite move to accelerate the inoculation process. Also, the Central Drugs Standard Control Organisation (CDSCO) will work in a time-bound manner for every step connected to vaccine approval. For instance, import licence and r