The Reserve Bank of India (RBI) has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. This follows the rejection of three applications in July 2023. The RBI had received approximately a dozen applications for setting up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs).
from Banking/Finance-Industry-Economic Times https://ift.tt/84YcZmJ
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