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RBI releases names of applicants for ‘on tap’ licensing of Universal Banks and Small Finance Banks

Summary:
Interesting list of applicants released by RBI: The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. As on date, applications for Universal Banks and Small Finance Banks, under the aforementioned guidelines, have been received by the Reserve Bank from the following applicants: Applicants under Guidelines for ‘on tap’ Licensing of Universal Banks UAE Exchange and Financial Services Limited The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank) Chaitanya India Fin Credit Private Limited Shri Pankaj Vaish and others Applicants under Guidelines for ‘on tap’ Licensing of Small Finance Banks VSoft Technologies Private Limited Calicut City Service Co-operative Bank

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Interesting list of applicants released by RBI:

The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. As on date, applications for Universal Banks and Small Finance Banks, under the aforementioned guidelines, have been received by the Reserve Bank from the following applicants:

Applicants under Guidelines for ‘on tap’ Licensing of Universal Banks

    1. UAE Exchange and Financial Services Limited
    2. The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank)
    3. Chaitanya India Fin Credit Private Limited
    4. Shri Pankaj Vaish and others

Applicants under Guidelines for ‘on tap’ Licensing of Small Finance Banks

    1. VSoft Technologies Private Limited
    2. Calicut City Service Co-operative Bank Limited
    3. Shri Akhil Kumar Gupta
    4. Dvara Kshetriya Gramin Financial Services Private Limited
Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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