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Repco seeks Universal Bank Licence

Repco seeks Universal Bank Licence
Calicut City Co-op Bank seeks SFB licence
The Reserve Bank of India has released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. There are two urban co-op banks in each category.
The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank) is one of the four applicants which has applied for Licensing of Universal Banks.
Calicut City Service Co-operative Bank is another UCB which has applied for licence under Small Finance Banks, says RBI release.
It may be recalled that the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks in the Private Sector, were issued on August 1, 2016 and December 5, 2019 respectively. ....

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Top headlines: SoftBank to invest $450 mn in Swiggy; Wipro to retain talent

Softbank Group to invest $450 million in Swiggy at $5.5 billion value
SoftBank Group Corp. is investing in Swiggy at a $5.5 billion valuation, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena. The $450 million funding came from Masayoshi Son’s Vision Fund 2, a person familiar with the matter said. The financing awaits approval from Indian antitrust regulators, the person added, asking not to be identified talking about a private deal.
Decision in 3 working days after foreign Covid-19 vaccine firms apply
The Indian health regulator will take a decision within three working days of a foreign vaccine maker seeking emergency use approval, the Centre said on Thursday in a definite move to accelerate the inoculation process. Also, the Central Drugs Standard Control Organisation (CDSCO) will work in a time-bound manner for every step connected to vaccine approval. For instance, import l ....

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RBI releases list of applicants for 'on tap' bank licenses

3 hours ago
On Thursday, the Reserve Bank of India (RBI) released a list of eight entities/promoters who wish to apply for universal commercial bank and small finance bank licenses. The top contenders include Sachin Bansal’s Chaitanya India Fin Credit, forex major UAE Exchange and Dvara’s micro-finance arm.
Recently, the central bank appointed an expert committee to evaluate applicants for bank licenses. This committee will evaluate fresh applicants who wish to apply for ‘on tap’ bank licenses over the next three years, in addition to non-bank lenders and payments bank that wish to convert to an SFB or universal bank. In 2014, the RBI gave universal banking licenses to Bandhan Bank, a micro-finance lender, and IDFC Bank, a development finance company. IDFC Bank was merged with Capital First and is now called IDFC First Bank. ....

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RBI received 8 applications to set up universal, small finance banks

RBI received 8 applications to set up universal, small finance banks
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

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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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