Jana Small Finance Bank’s plan to transition into a universal bank has hit a setback after the Reserve Bank of India (RBI) returned its application citing non-fulfilment of eligibility criteria. Managing director Ajay Kanwal said the bank will reapply after addressing the gaps, adding, “We respect RBI’s decision and will work to fulfil the requirements.”
from Markets-Economic Times https://ift.tt/ZUCXHSO
via
from Markets-Economic Times https://ift.tt/ZUCXHSO
via