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RBI Slaps Rs10 7 Lakh Penalty on 4 Cooperative Bank from Gujarat and 1 NBFC from Maharashtra

The Reserve Bank of India (RBI) has imposed a total penalty of Rs10.70 lakh on four cooperative banks from Gujarat and one non-banking financial company (NBFC) from Maharashtra for deficiencies in regulatory compliance.

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RBI rejects applications of 9 out of 12 entities that sought to set up banks

RBI rejects applications of 9 out of 12 entities that sought to set up banks
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RBI rejects 3 applications for setting up small finance banks

RBI rejects 3 applications for setting up small finance banks
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RBI rejects 3 not suitable applications for setting small finance banks

The Reserve Bank of India has rejected three applications, including the of West End Housing Finance, for setting up small finance banks.

Akhil kumar guptaCosmea financial holdings pvt ltdEnd housing finance ltdReserve bankWest end housing financeUniversal banksSmall finance banksWest end housing finance ltdRbi rejects 3 applications for setting up small finance banks

Small Finance Banks: RBI rejects 3 applications for setting up small finance banks

The Reserve Bank of India has rejected three applications, including that of West End Housing Finance, for setting up small finance banks. These applications were found not suitable for granting of in-principle approval to set up small finance banks, it said in a statement on Tuesday.

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