Friday, January 10, 2020

Sachin Bansal's Chaitanya India Fin Credit applies for universal banking license

The Reserve Bank, which is very selective about who enters the banking fray, had earlier made universal bank licenses available on tap. If given a license, Chaitanya will be the second microlender after the West Bengal-focused Bandhan to be granted a universal banking license. Other microlenders operate as small finance banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NcgJPW

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