Bandhan Financial institution impact: RBI declines Annapurna Finance’s common financial institution request

The Reserve Financial institution of India, in a cautious transfer, declined Annapurna Finance Restricted’s utility for a common financial institution license made in January 2023. The regulator, expressing hesitation about awarding a full-service financial institution license to the Odissa-based lender, largely specializing in microfinance loans, gave Annapurna Finance the choice to turn out to be … Read more