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RBI rejects SFB applications of Dvara Kshetriya Gramin, Tally Solutions

RBI rejects SFB applications of Dvara Kshetriya Gramin, Tally Solutions
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Capitalmind, Cosmea Financial apply for mutual fund licences

The Indian MF industry is one of the most competitive with 43 players and more looking to enter the space which manages Rs 54.45 trillion worth of assets

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RBI rejects application for SFB license

Besides REPCO Bank and Calicut City Service Co-operative Bank, RBI has also rejected applications from

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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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Banking system liquidity improves to over Rs 2 lk cr as deposit of Rs 2000 notes surge

On July 4, the excess liquidity, as reflected by the amount of money absorbed by the Reserve Bank of India (RBI), stood at Rs 2.3 lakh crore- highest in one month. The central bank absorbed Rs 2.22 lakh crore of surplus liquidity on July 3, RBI data showed.

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