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RBI Rejects Two Applications for Small finance bank

In case of urban co-operative banks desirous of voluntarily transiting into SFBs, the initial requirement of net worth is Rs 100 crore, which will have to be increased to Rs 200 crore within five years. , Industry News - Times Now

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Dvara KGFS secures USD 27 million in debt financing

Dvara KGFS secures USD 27 million in debt financing
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Dvara KGFS expects 4-fold jump in loan portfolio in 3-4 years

Dvara KGFS expects 4-fold jump in loan portfolio in 3-4 years
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Dvara kshetriya gramin financial servicesSmall finance banks

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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An NBFC that wants to be wealth manager of rural India

Dvara KGFS is a deep rural NBFC, which goes beyond lending and offers products and services, including credit, savings, insurance and pension instruments; it has even applied for a Small Finance Bank (SFB) license.

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