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Jana Small Finance Bank's application to become a universal bank has been returned by the Reserve Bank of India due to non-fulfilment of criteria. While the exact reasons are yet to be clarified, the bank plans to rectify issues and reapply. This setback postpones plans to reduce funding costs, though daily operations remain largely unaffected. Mumbai, Jana Small Finance Bank on Tuesday said the Reserve Bank of India (RBI) has returned its application to become a universal bank due to non-fulfi ...Read More >
Mumbai: Jana Small Finance Bank (SFB) on Tuesday said that the Reserve Bank of India (RBI) has returned its application to transition into a universal bank, citing non-fulfilment of the required eligibility criteria. The bank had submitted its application earlier this fiscal year (FY26) after meeting one of the key conditions under RBI's framework -- maintaining gross non-performing assets (NPAs) below 3 per cent and net NPAs under 1 per cent for two consecutive years. However, the central ban ...Read More >
Bengaluru, October 10: A 31-year-old man was found dead under suspicious circumstances in a pub's washroom in Rajarajeshwarinagar of Karnataka's Bengaluru early on Friday, October 10. Police have not yet determined the cause of his death. According to the report, the deceased was a bank manager. A probe has been launched. The deceased was identified as Megharaj, also called Meghanand, news agency PTI reported. Megharaj lived on Ullal Main Road and was originally from Maddur in Mandya district, ...Read More >
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