Ujjivan Small Finance Bank has applied for a universal banking license from the Reserve Bank of India. This strategic move aims to expand its services and cater to a wider customer base, enhancing financial inclusion and strengthening its position in the Indian market. The application follows similar moves by other small finance banks.
Results for: Reserve Bank Of India
Over 98% of the 2000 rupee notes have returned to banks. Only about Rs 6,577 crore worth of these notes remain with the public, as per a Reserve Bank of India announcement. The facility to deposit or exchange the now-withdrawn notes is still available at 19 RBI offices across the country.
The Reserve Bank Innovation Hub (RBH), a subsidiary of the Reserve Bank of India, is searching for a new CEO. The position, based in Bangalore, requires over 15 years of experience in finance, technology, or related sectors. Applications close on February 21st.