India's central bank, in a public release, said that the assessment of six applications has been completed, while the remaining five applications are under still examination.
The RBI on Tuesday announced the decision on six applications received under the guidelines for on tap licensing of universal banks and small finance banks.
The Reserve Bank of India (RBI) has rejected the applications of UAE Exchange and Financial Services Limited, The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank), Chaitanya India Fin Credit Private Limited and Pankaj .
The Indian central bank has rejected the application of Chaitanya India Fin Credit seeking permission to become a bank in a major setback to Flipkart billionaire Sachin Bansal, who has been looking to take his newer venture, Navi, public. The Reserve Bank of India on Tuesday rejected four applications including Bansal’s Chaitanya (the micro financing […]