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Sachin Bansal co, 7 others apply for bank licences

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MUMBAI: Sachin Bansal’s Chaitanya India Finance, former Citibanker Pankaj Vaish and Akhil Kumar Gupta are among the applicants for a bank licence. The Reserve Bank of India (RBI) on Thursday released the names of eight entities that had put in an application for either a universal bank or a small finance bank (SFB) licence.
Chaitanya India has earlier announced its intent to pursue a banking licence. Non-bank lender UAE Exchange had first applied in 2017 when it was still part of the BR Shetty Group of companies. It has since been sold and renamed Unimoni.
The other applicants in this category are REPCO Bank a government-promoted cooperative lender operating in the southern states, and Vaish. Coincidentally, the names were released on the same day that Citi announced its decision to exit consumer banking in India, among other markets. ....

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Top headlines: SoftBank to invest $450 mn in Swiggy; Wipro to retain talent

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 l ....

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RBI releases list of applicants for 'on tap' bank licenses

3 hours ago
On Thursday, the Reserve Bank of India (RBI) released a list of eight entities/promoters who wish to apply for universal commercial bank and small finance bank licenses. The top contenders include Sachin Bansal’s Chaitanya India Fin Credit, forex major UAE Exchange and Dvara’s micro-finance arm.
Recently, the central bank appointed an expert committee to evaluate applicants for bank licenses. This committee will evaluate fresh applicants who wish to apply for ‘on tap’ bank licenses over the next three years, in addition to non-bank lenders and payments bank that wish to convert to an SFB or universal bank. In 2014, the RBI gave universal banking licenses to Bandhan Bank, a micro-finance lender, and IDFC Bank, a development finance company. IDFC Bank was merged with Capital First and is now called IDFC First Bank. ....

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who is sachin bansal: Sachin Bansal firm Chaitanya India Finance apply for Banking Licence: सचिन बंसल की फर्म चैतन्य इंडिया ने बैंकिंग लाइसेंस के लिए किया आवेदन

who is sachin bansal: Sachin Bansal firm Chaitanya India Finance apply for Banking Licence: सचिन बंसल की फर्म चैतन्य इंडिया ने बैंकिंग लाइसेंस के लिए किया आवेदन
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Nifty today: SGX Nifty up 15 points; here's what changed for market while you were sleeping

Nifty today: SGX Nifty up 15 points; here's what changed for market while you were sleeping
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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