RBI rejects 6 bank applications as not suitable under the Guidelines for ‘on tap’ Licensing; 5 others being examined.

[{"selector":"#anim-cfbca231-a43b-42a7-ba96-ea999ee83e07","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9dc46721-6df8-410d-8209-b6bd2d02ca77","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1642a7c1-7bf2-4e55-b603-dea364738227","keyframes":{"transform":["translate3d(-129.54546%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b37b23c0-10e3-4a5a-9667-632bc8902625","keyframes":{"opacity":[0,1]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a09212d8-14b1-45f6-a3ca-4a73be0aab94","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The Reserve Bank on Tuesday i.e. 17th may 2022 said that 4 applications for on-tap universal banks and 2 applications for on-tap small finance banks, six in total, were rejected as they were not found fit.

RBI rejects 6 bank applications as not suitable under the Guidelines for ‘on tap’ Licensing; 5 others being examined.

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