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RBI rejects applications of Sachin Bansal-backed firm, 5 others for setting up banks

by AIP Online Bureau | May 18, 2022 | Banking & Bancassurance, Indian News

The Reserve Bank had received 11 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks The co-founder of e-commerce company Flipkart Sachin Bansal had acquired a majority stake in Chaitanya in...
Sachin Bansal’s Navi Technologies files draft papers with Sebi for Rs 3,350-cr IPO

Sachin Bansal’s Navi Technologies files draft papers with Sebi for Rs 3,350-cr IPO

by AIP Online Bureau | Mar 12, 2022 | Indian News, Non-Life

Proceeds of the IPO will be used to invest in subsidiaries — Navi Finserv Pvt Ltd (NFPL) and Navi General Insurance Ltd (NGIL) — and for general corporate purposes Mumbai: Sachin Bansal-led Navi Technologies has filed preliminary papers with Sebi to raise...

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