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RBI rejects two applications for small finance bank

RBI rejects two applications for small finance bank
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small finance bank: RBI rejects two applications for small finance bank

The Reserve Bank of India (RBI) has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. This follows the rejection of three applications in July 2023. The RBI had received approximately a dozen applications for setting up banks under the guidelines for on tap Licensing of Universal Banks and Small Finance Banks (SFBs). ....

Akhil Kumar Gupta , Dvara Kshetriya Gramin Financial Services , Tally Solutions Private , Cosmea Financial Holdings Pvt Ltd , Dvara Kshetriya Gramin Financial Services Private , End Housing Finance Ltd , Reserve Bank , Universal Banks , Small Finance Banks , West End Housing Finance ,

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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