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RBI rejects two applications for small finance bank

RBI rejects two applications for small finance bank
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RBI rejects 6 applications including ex Flipkart chairman s firm for setting up banks

Bank licence application of former Flipkart chairman’s firm rejected by RBI - The Central Bank had received 11 applications to set up a bank under the guidelines for on tap Licensing of Universal Banks and Small Finance Banks.

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RBI rejects 6 applications for setting up banks

The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines.

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Ex Flipkart Chairman s Firm Among 6 Bank Licence Bids Rejected By RBI

The Reserve Bank has rejected six applications for setting up banks, including for small finance banks, as these were "not found" suitable, the central bank said on Tuesday.

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