India’s central bank rejects Annapurna Finance’s universal banking license application
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
India’s central bank rejects Annapurna Finance’s universal banking license application
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,” the RBI said in a statement.
BENGALURU, 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.
Sign up here.
Reporting by Nishit Navin in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles. , opens new tab
India’s central bank rejects Annapurna Finance’s universal banking license application
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
“The applicant was not found suitable for granting of in-principle approval to set up a universal bank,” the RBI said in a statement.
(Reporting by Nishit Navin in Bengaluru; Editing by Shilpi Majumdar)