RBI announces decision on six applications received under Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks - ஆர்பிஐ - Reserve Bank of India
RBI announces decision on six applications received under Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks
The Reserve Bank has received 11 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. The names of these applicants were announced vide press releases on April 15, August 30 and December 31, 2021. The examination of six applications has now been completed as per the procedure laid down under these guidelines. Based on the assessment of the applications, following applicants were not found suitable for granting of in-principle approval to set up banks: Applicants not found suitable under Guidelines for ‘on tap’ Licensing of Universal Banks
Applicants not found suitable under Guidelines for ‘on tap’ Licensing of Small Finance Banks
The remaining applications are under examination. (Yogesh Dayal) Press Release: 2022-2023/220 |