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RBI receives 8 applications for setting up banks under on tap licensing

RBI receives 8 applications for setting up banks under on tap licensing UAE Exchange and Financial Services Limited, The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank), Chaitanya India Fin Credit Private Limited, and Pankaj Vaish and others, are the applicants under the guidelines for on tap licensing of universal banks. RBI to hold interest rates through FY22: Report The Reserve Bank on Thursday said it has received four applications each under the guidelines for on tap licensing of universal banks and small finance banks. UAE Exchange and Financial Services Limited, The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank), Chaitanya India Fin Credit Private Limited, and Pankaj Vaish and others, are the applicants under the guidelines for on tap licensing of universal banks.

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