Two more entities apply for SFB licence

August 30, 2021 11:24 pm | Updated 11:24 pm IST - MUMBAI

The Reserve Bank of India (RBI) said it has received applications from two more entities — Cosmea Financial Holdings Private Ltd. and Tally Solutions Private Ltd. — seeking licences to operate small finance banks (SFBs).

This is as per RBI’s guidelines for ‘on tap’ licensing of small finance banks in the private sector.

With this, a total of six entities have applied for the licence.

The other four applicants who were named in April 2021 are VSoft Technologies Private Ltd., Calicut City Service Co-operative Bank Ltd., Akhil Kumar Gupta, and Dvara Kshetriya Gramin Financial Services Private Ltd.

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