Tuesday, June 22, 2021
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RBI releases names of applicants under ‘on tap’ Licensing of Universal Banks


UAE Exchange & Financial Services, The Repco Bank and Chaitanya India Fin Credit are among the four applicants for universal banking license, Reserve Bank of India announced Thursday.

VSoft Technologies, Calicut City Service Co-operative Bank and Dvara Kshetriya Gramin Financial Services have applied for a small finance bank license, the central bank said.

There are also two individual applicants. Pankaj Vaish and others have sought universal banking license while Akhil Kumar Gupta has applied for a small finance bank license.

Both the licenses are now available ‘on tap’. RBI released the names of applicants saying that these applications have been received so far.

Last month, RBI announced the constitution and composition of the standing external advisory committee for evaluating the applications.



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