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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. ....
On-tap licences: RBI gets four applicants each to start universal banks, SFBs April 15, 2021 × The Reserve Bank of India (RBI), on Thursday, said four applicants each have applied for on-tap licences to start Universal Banks and Small Finance Banks in the private sector so far. The applicants under the guidelines for ‘on-tap’ licensing of Universal Banks are UAE Exchange and Financial Services Ltd, The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank), Chaitanya India Fin Credit Private Ltd and Pankaj Vaish and others, the RBI said in a statement. The applicants under guidelines for ‘on-tap’ licensing of Small Finance Banks (SFBs) are VSoft Technologies Private Ltd, Calicut City Service Co-operative Bank Ltd, Akhil Kumar Gupta, and Dvara Kshetriya Gramin Financial Services Private Ltd, it added. ....
Four entities apply for 'on tap' licensing of Universal Banks thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Being the one to shake off the impact of Covid limitation fast, Chennai based Repatriates Cooperative Finance and Development Bank popularly known as Repco Bank has crossed the business turnover of Rs 16,000 crore, while three months of the current financial year are yet to go. “In adverse market conditions and the lockdown imposed due to Coronavirus, we have got success in crossing the business turnover of Rs 16 k crore before the end of the current financial year”, its Managing Director Smt. R.S. Isabella to Indian Cooperative correspondent on the phone. “Now, the situation is under control and loan disbursement has also started. We are also launching various new schemes for our borrowers and we are getting good response”, she said. ....