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RBI Rejects Bank Licence Applications By Sachin Bansal's Navi, Five Others

RBI has rejected six of eleven applications for bank licences pending with it.

BQ Desk

RBI building in Mumbai.

The Reserve Bank of India has rejected six out of 11 pending applications for a universal bank or small finance bank licence. An application by Sachin Bansal's Navi Technologies, via a group entity, and one by veteran Citibanker Pankaj Vaish are among those that did not make the cut.

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ITR Filing Deadline Extended Till Sept 16 Amid Complaints Of Glitches On E-Filing Portal

  • chevron-double-right The Income Tax Return filing deadline for AY 2025-26 has been extended to 16 September 2025
  • chevron-double-right The e-filing portal will be under maintenance from midnight to 02:30 am on Tuesday
  • chevron-double-right Over seven crore tax returns have been filed so far for AY 2025-26
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