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SFBs should be worth Rs 1,000 cr to become universal banks, says RBI

On April 12, the RBI rejected applications received from Dvara Kshetriya Gramin Financial Services Pvt Ltd and Tally Solutions Pvt Ltd to start SFBs in the private sector

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RBI rejects 2 more applications for SFB licence

These applicants are Dvara Kshetriya Gramin Financial Services Pvt Ltd and Tally Solutions Pvt Ltd, a release from the RBI said

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RBI turns down two small finance banks licences after finding them not suitable

The guidelines for 'on tap' licensing of Universal Banks and SFBs in the private sector were issued on August 1, 2016, and December 5, 2019, respectively.

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RBI rejects three applications for small finance bank licenses

The applicants rejected were - UAE Exchange and Financial Services, The Repatriates Cooperative Finance and Development Bank Ltd (REPCO Bank), Chaitanya India Fin Credit Pvt Ltd and Pankaj Vaish and others.

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RBI denies small finance bank application of Akhil Gupta, two others

The Reserve Bank of India (RBI) has rejected the applications of Akhil Kumar Gupta, Cosmea Financial Holdings Private Limited, and West End Housing Finance for a small finance bank license.

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