RBI Rejects Annapurna Finance's Bank License

Published 10 months ago

The Reserve Bank of India (RBI) has rejected Annapurna Finance's application to establish a universal bank in India. The RBI stated the applicant did not meet the criteria for approval, halting their banking aspirations.

Annapurna Finance's bank bid failed.
RBI deemed the application unsuitable.
No, in principle, the approval was granted.

You might like these

Indian Markets Surge on GST Reforms

Gold Demand: India Cools, China Remains Strong

Colgate India Shares Dip on Weak Results

TCS Q1 Profit Rises, TCV Falls

Anuj Pandey Leads UGRO Capital's MSME Credit Solutions

Lenskart Files for IPO Worth ₹21.5B

Oil Dip Boosts Rupee-Weak Dollar Outlook