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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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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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Repco Beach Hop 21: The youngest classic car owner


Repco Beach Hop 21: The youngest classic car owner
16 Apr, 2021 12:57 AM
3 minutes to read
Sophia Trybula is the next generation of car lovers pictured at the Thames event on Repco Beach Hop 21 posing in front of Sandy the giveaway Repco Beach Hop 21 1956 Thunderbird. Photo / Alison Smith&#
Sophia Trybula is the next generation of car lovers pictured at the Thames event on Repco Beach Hop 21 posing in front of Sandy the giveaway Repco Beach Hop 21 1956 Thunderbird. Photo / Alison Smith&#
While some soon-to-be parents start working on the baby s room, Sophia Trybula s dad Josh set to work on his baby girl s transportation options. ....

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Applicants Line Up For RBI's On-Tap Banking Licences


Applicants Line Up For RBI’s On-Tap Banking Licences
Apr 15 2021, 7:39 PM
April 15 2021, 7:39 PM
April 15 2021, 7:39 PM
The Reserve Bank of India said on April 15 it has received four applications each for on-tap universal private bank licences and small finance bank licences. This is part of the RBI’s guidelines for such licences released in August 2016 and December 2019 respectively.The four entities which have submitted on-tap universal bank licences include:UAE Exchange and Financial Services.REPCO Bank.Chaitanya India Fin Credit.Pankaj Vaish and .
The Reserve Bank of India said on April 15 it has received four applications each for on-tap universal private bank licences and small finance bank licences. This is part of the RBI’s guidelines for such licences released in August 2016 and December 2019 respectively. ....

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On-tap licences: RBI gets four applicants each to start universal banks, SFBs


On-tap licences: RBI gets four applicants each to start universal banks, SFBs
April 15, 2021
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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. ....

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