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Sachin Bansal co, 7 others apply for bank licences


(Representative image)
MUMBAI: Sachin Bansal’s Chaitanya India Finance, former Citibanker Pankaj Vaish and Akhil Kumar Gupta are among the applicants for a bank licence. The Reserve Bank of India (RBI) on Thursday released the names of eight entities that had put in an application for either a universal bank or a small finance bank (SFB) licence.
Chaitanya India has earlier announced its intent to pursue a banking licence. Non-bank lender UAE Exchange had first applied in 2017 when it was still part of the BR Shetty Group of companies. It has since been sold and renamed Unimoni.
The other applicants in this category are REPCO Bank a government-promoted cooperative lender operating in the southern states, and Vaish. Coincidentally, the names were released on the same day that Citi announced its decision to exit consumer banking in India, among other markets. ....

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Ex-chairman of Calicut City Service Co-op Bank in news


Ex-chairman of Calicut City Service Co-op Bank in news
The administrative panel of the Karuvanthiruthy Service Cooperative Bank has levelled charges of corruption against C.N. Vijayakrishnan, former chairman of Calicut City Service Cooperative Bank and chairman of MVR Cancer Centre, reports Hindu.
K.M. Basheer, the new chairman, says Vijayakrishnan had drawn the bank into legal wrangles. Vijayakrishnan and his friends had used cooperative bodies as a cover for their unlawful deeds, he added.
The audit by the Department of Cooperatives at the Calicut City Cooperative Bank revealed that the bank had disbursed Rs 650 crore as loan to loss-making MVR Cancer Center. ....

Andaman And Nicobar Islands , Cancer Centre , Calicut City Service Cooperative Bank , Cancer Center , Calicut City Cooperative Bank , Karuvanthiruthy Service Cooperative Bank , Department Of Cooperatives , அந்தமான் மற்றும் நிகோபார் தீவுகள் , புற்றுநோய் மையம் , காலிகட் நகரம் சேவை கூட்டுறவு வங்கி , காலிகட் நகரம் கூட்டுறவு வங்கி , கருவந்திருத்தி சேவை கூட்டுறவு வங்கி , துறை ஆஃப் கூட்டுறவு ,