The Reserve Bank of India (RBI) on Friday said that Aurangabad-based Value Industries Limited had withdrawn its application for new bank licences in the private sector.

It also said that another applicant, Chandigarh-based, K. C. Land & Finance Ltd., whose application was received at the Reserve Bank, Central Office, Mumbai on July 1 “but was inadvertently not included in the list of applicants for new bank licences in the private sector, was now being included in the list.”

The Reserve Bank of India had, on July 1, 2013, placed on its website a list of 26 applicants for new bank licences in the private sector.