#Latest news with #universalbankReuters4 days agoBusinessReutersIndia's central bank rejects Annapurna Finance's universal banking license applicationBENGALURU, June 6 (Reuters) - The Reserve Bank of India said on Friday it has declined the application of Annapurna Finance for setting-up a universal bank. "The applicant was not found suitable for granting of in-principle approval to set up a universal bank," the RBI said in a statement.
Reuters4 days agoBusinessReutersIndia's central bank rejects Annapurna Finance's universal banking license applicationBENGALURU, June 6 (Reuters) - The Reserve Bank of India said on Friday it has declined the application of Annapurna Finance for setting-up a universal bank. "The applicant was not found suitable for granting of in-principle approval to set up a universal bank," the RBI said in a statement.