ANI
18 May 2022, 02:18 GMT+10
Mumbai (Maharashtra) [India], May 17 (ANI): The Reserve Bank of India (RBI) on Tuesday said it has found six applicants not suitable for permits of small finance bank licences and universal bank licences.
Those who have not been found suitable for licensing of universal banks include UAE Exchange and Financial Services Limited, The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank), Chaitanya India Fin Credit Private Limited and Shri Pankaj Vaish and others.
The firms that have not been found suitable for licensing of small finance banks are VSoft Technologies Private Limited and Calicut City Service Co-operative Bank Limited.
The RBI has received 11 applications to set up bank under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks.
The examination of six applications has now been completed as per the procedure laid down under these guidelines, RBI said in a statement. All the six firms that have been examined are not found suitable.
"The remaining applications are under examination," the RBI said. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationHONG KONG: An engineering vessel with 30 people on board went missing 200 miles off Hong Kong after it snapped ...
NICE, France -As some 1,000 Frenchmen are being hospitalized daily with Covid infections, French officials have "invited" or "recommended" the ...
BRUSSELS, Belgium: Negotiations on a free trade agreement between the European Union and New Zealand ended successfully this week, paving ...
CAIRO, Egypt: Egyptian authorities have prohibited swimming in a stretch of the Red Sea after an Australian woman was killed ...
NEW YORK CITY, New York: Bette Nash, age 86, has been named the longest serving flight attendant in the world, ...
LONDON, England: A UK parliamentary committee has told lawmakers that they may not bring babies to parliamentary proceedings and debates.The ...
WASHINGTON D.C.: Due to surging food prices, summer cookouts for the U.S. Independence Day holiday are more expensive, forcing Americans ...
Victor Caratini lined a three-run home run with two outs in the 10th inning to give the Milwaukee Brewers a ...
The Milwaukee Bucks are bringing back veteran center Serge Ibaka on a one-year contract, The Athletic reported Monday. The 32-year-old ...
Roseau [Dominica], July 4 (ANI): All-rounder Rovman Powell, who helped West Indies clinch victory against Bangladesh in the second T20I, ...
The Milwaukee Brewers reside atop the National League Central due in large part to their strong play against the rest ...
Jeremy Pena clubbed a walk-off home run with two outs in the ninth inning, his second homer of the game, ...