US EditionRBI Sets Up MK Jain-Led Committee to Evaluate UB and SFB Applications
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RBI Update: Committee Formed to Review Applications, Paving Way for New Banking Licenses! - Newsstore24
RBI Update: In order to evaluate applications for small finance bank and universal bank licenses, the RBI established a permanent external advisory council.New Bank License: Regulator of the Banking Sector In the process of obtaining new banking licenses, the Reserve Bank of India has made significant progress. The Standing External Advisory Committee was reorganized by the RBI to review Small Finance Bank and Universal Bank license applications…
RBI Sets Up MK Jain-Led Committee to Evaluate UB and SFB Applications
On January 20 2025, the Reserve Bank of India (RBI) formed a five-member Standing External Advisory Committee (SEAC) chaired by the former Deputy Governor of RBI, Mahesh Kumar (MK) Jain to evaluate the applications for Universal Banks (UBs) and Small Finance Banks (SFBs). The committee has a three-year tenure, supported by the Department of Regulation, RBI […] The post RBI Sets Up MK Jain-Led Committee to Evaluate UB and SFB Applications appeare…
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