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RBI lays out roadmap for small lenders to achieve universal bank status

The criteria include a five-year track record of satisfactory performance, a net worth of 10 billion rupees, meeting capital requirements, recent profitability and limited non-performing assets, the Reserve Bank of India (RBI) said. Existing promoters can continue without new additions and approved shareholding plans will remain unchanged, while diversified loan portfolios are favoured, the central bank said.

Reserve bankIndia central bankSmall lendersUniversal bank statusRetail clientsMarket listingCorporate clientsCapital requirementsReserve bank of india rbiReserve bank of india

Scilex Holding Company Provides Notice to All Lenders of Short Positions in the Restricted Dividend Shares of Scilex Holding Company

Scilex Holding Company Provides Notice to All Lenders of Short Positions in the Restricted Dividend Shares of Scilex Holding Company
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North American Morning Briefing: Tech to Lead -2-

North American Morning Briefing: Tech to Lead -2-
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European Midday Briefing: Shares Buoyed by Fed -2-

European Midday Briefing: Shares Buoyed by Fed -2-
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CFPB Director Criticizes Community Bank Service Providers

Consumer Financial Protection Bureau CFPB Director Rohit Chopra protested outsized power of small bank and credit union core service providers at Community Bank Advisory Council and Credit Union Advisory Council joint meeting.

Rohit chopraCommunity bank advisory councilCredit union advisory councilBank advisory councilUnion advisory councilInto practiceConsumer financial protection bureauFpb directorRohit chopraSmall banksCredit unionsSmall lendersCommunity banksCore banking servicesMore service providersFinancial institutions