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6 applicants not suitable for 'on tap' bank permits: RBI

India's central bank, in a public release, said that the assessment of six applications has been completed, while the remaining five applications are under still examination. ....

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Application of UAE Exchange, 5 others to set up banks in India rejected

The RBI on Tuesday announced the decision on six applications received under the guidelines for on tap licensing of universal banks and small finance banks. ....

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Six applicants not found suitable for setting up banks in India

The Reserve Bank of India (RBI) has rejected the applications of UAE Exchange and Financial Services Limited, The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank), Chaitanya India Fin Credit Private Limited and Pankaj . ....

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Sachin Bansal's firm fails to secure India bank permit – TechCrunch

The Indian central bank has rejected the application of Chaitanya India Fin Credit seeking permission to become a bank in a major setback to Flipkart billionaire Sachin Bansal, who has been looking to take his newer venture, Navi, public. The Reserve Bank of India on Tuesday rejected four applications including Bansal’s Chaitanya (the micro financing […] ....

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RBI rejects 6 applications for setting up banks

The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines. ....

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