RBI appoints panel for new universal bank & SFB licences

RBI appoints panel for new universal bank & SFB licences

The applications for universal banks and SFBs will be initially screened by the RBI to ensure prima facie eligibility of the applicants. Thereafter, the committee will evaluate the applications, RBI said. A universal bank is a bank that offers retail, wholesale and investment banking services under one roof.
Check the source here –Source, Financial Express.

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