RBI Assesses Six Applicants Unsuitable for Banks Licensing

RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) has rejected six applications for setting up banks, including small finance banks, as these were “not found” suitable. In December 2019, the RBI finalised its on-tap banking license regime allowing urban cooperative banks, NBFCs, micro […]

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