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										જૂન 06, 2025
                                        
                                    
                                
                            RBI announces Decision on an application received under Guidelines for ‘on tap’ Licensing of Universal Banks
| The Reserve Bank has completed the examination of the application of Annapurna Finance Private Limited for setting-up a universal bank. Based on the assessment of the application as per the procedure laid down under extant guidelines, the applicant was not found suitable for granting of in-principle approval to set up a universal bank. 
 (Puneet Pancholy)      Press Release: 2025-2026/500 | 
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