MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release:
The Reserve Bank has completed the examination of the application of Annapurna Finance Private Limited for setting-up a universal bank. Based on the assessment of the application as per the procedure laid down under extant guidelines, the applicant was not found suitable for granting of in-principle approval to set up a universal bank.
(Puneet Pancholy)
Chief General Manager
Press Release: 2025-2026/500
Disclaimer: Curated by HT Syndication....