for raising INR 600 Cr The Reserve Bank of India (RBI) on Tuesday rejected the application of Flipkart cofounder Sachin Bansal-backed Chaitanya India Fin Credit for an ‘on tap’ universal ...

says Bansal Flipkart cofounder Sachin Bansal’s Chaitanya India Fin Credit (CIFCPL) has submitted an application to the Reserve Bank of India (RBI) for a universal bank license. The license is ...

The company operates under the regulatory framework of the Reserve Bank of India’s Core Investment Companies (Reserve Bank) Directions, 2016. SMPL and CIFCPL both specialise in providing ...

In 2022, the Reserve Bank of India determined Chaitanya India Fin Credit to be unsuitable for an 'on tap' banking license. JM Financial Limited played the role of exclusive financial advisor to ...