RBI Returns Jana Small Finance Bank's Universal Bank Application

RBI returns Jana Small Finance Bank's universal bank application

Mumbai: Jana Small Finance Bank on Tuesday said the Reserve Bank of India (RBI) has returned its application to become a universal bank due to non-fulfilment of criteria. The Small Finance Bank’s managing director and chief executive, Ajay Kanwal, said that in the communication received late on Monday evening, the regulator has not spelt out the exact reasons for returning the application made in June this year. “We will soon figure out what the…

RBI Withdraws Universal Bank License Application of This Small Finance Bank: Eligibility Criteria Not Met - Business League

Jana Small Finance Bank suffered a setback on Tuesday when the Reserve Bank of India (RBI) returned its application for a universal bank license. The bank stated that the application was returned due to non-fulfillment of the prescribed criteria. According to PTI, the bank’s Managing Director and CEO, Ajay Kanwal, said that the communication received from the RBI late Monday evening did not clearly state the exact reasons for the return of the a…

RBI returns Jana Small Finance Bank’s application for universal bank licence

Mumbai, Oct 28 (IANS) Jana Small Finance Bank (SFB) on Tuesday said that the Reserve Bank of India… The post RBI returns Jana Small Finance Bank’s application for universal bank licence appeared first on IMP.NEWS.