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RBI receives two more applications for SFB licence

Cosmea Financial Holdings Pvt Ltd and Tally Solutions Pvt Ltd have applied to the RBI for an SFB licence

RBI, Reserve Bank of India
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Subrata Panda New Delhi
The Reserve Bank of India (RBI) on Monday said it has received applications from two more entities under the “on-tap” small finance bank licensing guidelines of 2019, taking the total number of applicants to six.

Cosmea Financial Holdings Pvt Ltd and Tally Solutions Pvt Ltd have applied to the RBI for a small finance bank licence, RBI informed in a statement. 

Bengaluru-based Tally Solutions Pvt Ltd is a technology and innovation company, which, according to its website, delivers business software for small and medium businesses (SMBs). Established in 1986, Tally Solutions is headed by Tejas Goenka, with Sheela Goenka as