Search result for 'bank licensing'

AU Small Finance Bank has applied to the RBI for a universal bank license, aiming to transition from a small finance bank. The bank meets the required criteria, including a net worth of Rs 1,000...

Reserve Bank of India cancels the license of Shimsha Sahakara Bank Niyamitha due to financial woes. Depositors will receive insurance up to Rs 5 lakh from DICGC.

Reserve Bank Deputy Governor M Rajeshwar Rao says NBFCs enjoy advantages and shouldn't seek bank licenses. He also criticizes some microlenders for high interest rates and P2P platforms for...