Banking Licence
RBI rejects two more applications for setting up small finance banks
So far, the regulator has received 13 applications to set up banks under the guidelines for 'on tap' licensing of Universal Banks and Small Finance Banks
 "RBI rejects two more applications for setting up small finance banks")
Rupee Cooperative Bank set to explore merger proposal, SFB conversion
On August 8, the RBI had ordered cancellation of the banking licence of the ailing UCB from September 22. The high court will take up the matter on October 17
 "Rupee Cooperative Bank set to explore merger proposal, SFB conversion")
Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms
Depositors to get insurance claim, amount of Rs 193.68 cr already paid out
 "Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms")
Anil Ambani's RCap is an example of why RBI hates big business in banking
Company joins a long list of Indian shadow banks that have keeled over since the sudden collapse of infrastructure financier IL&FS Group in September 2018.
 "Anil Ambani's RCap is an example of why RBI hates big business in banking")
We have processed over $20 billion in transactions: Open CEO Anish Achuthan
We have an advantage over fintechs that offer lending based on credit bureau scores or conventional bank statements, said Achuthan
 "We have processed over $20 billion in transactions: Open CEO Anish Achuthan")
Bank licence door likely to stay shut for large industrial houses
RBI's final report, expected in 10 days, set to overrule working group's suggestions
 "Bank licence door likely to stay shut for large industrial houses")
BharatPe: How the payments startup won a rare banking licence in India
Reserve Bank of India rewards the company and its partner, Jaspal Bindra, for agreeing to help revive Punjab & Maharashtra Co-operative Bank.
 "BharatPe: How the payments startup won a rare banking licence in India")
RBI cancels licence of West Bengal-based United Cooperative Bank
RBI said the bank does not have adequate capital and earning prospects
 "RBI cancels licence of West Bengal-based United Cooperative Bank")
Top headlines: CIC structures on RBI's watch list; DLF to delve in Mumbai
From CIC structures of large groups on RBI's watch list to Pfizer working on cold storage issues to ensure temperature integrity, here are top headlines this morning
 "Top headlines: CIC structures on RBI's watch list; DLF to delve in Mumbai")
No bank licence to India Inc: RBI sees threat to financial stability
The NITI Aayog had recently recommended to the government that long-term private capital should be allowed into the banking sector
 "No bank licence to India Inc: RBI sees threat to financial stability")
Sachin Bansal eyes bigger role in global financial services market
In September, Bansal had invested around $104 million to acquire over 90 per cent ownership of Chaitanya
 "Sachin Bansal eyes bigger role in global financial services market")
On-tap banking may not see long queue for licence
NBFCs, individuals most likely to apply
 "On-tap banking may not see long queue for licence")
