MUMBAI (Reuters) - The Reserve Bank of India said on Friday that Value Industries Ltd. from Aurangabad had withdrawn its application for new bank licences in the private sector.
The central bank also added the name of K. C. Land & Finance Ltd. from Chandigarh in the list of applicants, saying the name was not included in the list prepared in July inadvertently.
On July 1, RBI had placed a list of 26 applicants for new bank licences in the private sector on its website.
(Reporting by Archana Narayanan; Editing by John Stonestreet)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
