Shetty having strong leader ship so if i calculate these all then we can say proudly Uae exchange is well deserving company… Best of luck. TCPSL is first runnerup for banking license. Have large network and experianced team for banking sector. Top 5 which are likely to get the license are: 1. Aditya Birla Group 2. India Post 3. UAE Exchange India 4. Bajaj Finance. IIFL is one of the most experience with the customers this company attracted to customers with more financial sector ,has to best customer service in India.
If you are thinking muthoot will get Banking license…. UAE Exchange is the real dark horse, considering that they have applied with a fee based model and their desire to establish a bank to channel more NRI funds into India.
Players like Muthoot has an over dependency on Gold loans. RBI dont seem very happy with Muthoot inspite of their network. I hope Uaeexchange will get the banking licence,because it deals with both upper middleand low level customer what RBI aims trough financial inclusion.
India Post is the best applicant for getting banking licence. Trust of people about it is highly than any other applicants applied for banking licence.
It has many branches over all india. Uaeexchange is always rocks in all products uin one shop.. How to slice and dice banking licences to create a safer banking system It is time we started thinking of licensing banks based on the twin questions: one, where will the money come from?
Two, what will be done with that money? Changes in Banking Regulation Act in works The move is aimed at aligning certain sections of the Banking Regulation Act with the norms stipulated by the banking regulator, Reserve Bank of India. Short form video app Chingari signs music licencing deal with Saregama The company said its coming together with Saregama will empower the content creators to tap into the rich musical repertoire of the latter that are eternal favourites of generations while mixing it up with their new content.
Nifty bulls come of age, get licence to thrill Indian stocks scaled new heights with the Nifty closing above 18, for the first time ever on Wednesday, shrugging off nervous sentiment in Asian markets, which were weighed down by worries about the effects of rising energy prices on inflation and economic recovery. Reports from BT have indicated the ByteDance the Chinese firm behind popular social video-sharing app TikTok has also joined the race to apply for a wholesale digital banking license in Singapore.
AMTD led consortium consisting of Xiaomi, SP Group and Funding Societies announced that they too are throwing their hat in the ring for a digital wholesale banking license. AMTD Group is a non-bank financial institution that provides capital markets and advisory, asset management, insurance brokerage, and strategic investment services.
Meanwhile, Xiaomi is primarily known as a smartphone brand, but it also has made stakes into fintech. Enigma Group is leading a consortium that includes UK-based Enigma Global Holdings, which recently entered a deal to acquire an existing challenger bank, as well as Blockchain Worx, a regtech firm, Media, an app developer, and Qrypt Technologies, a Singapore-based management consultancy. The consortium has applied for a digital full bank license. The proposed digital bank aims to focus on the underbanked small and medium-sized enterprises and the fast-evolving digital workforce, according to a report by the Straits Times.
Internet group Sea has applied for a digital full bank license, becoming the first applicant to go solo for that category, according to a Bloomberg report. The digital bank would focus on addressing the unmet needs of millennials and small businesses using technology.
Sea, which counts Tencent as its largest outside shareholder, has two main operating divisions: Shopee, an online shopping platform in Southeast Asia and Taiwan, and gaming arm Garena. Sea also has a digital financial services arm called SeaMoney. Consumer Information. Banking Division. Licensing Services. Online Licensing Services. OCF Annual Reports. Dedicated Funding.
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