On October 27, 2025, the Reserve Bank of India announced that VFS Capital Limited has withdrawn its application submitted under the Guidelines for 'on tap' Licensing of Small Finance Banks. The Reserve Bank had previously announced the receipt of the application in a press release on January 01, 2025. This information was released by Brij Raj, Chief General Manager. The press release number is 2025-2026/1387. The Department of Communication, Central Office is located at Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. The phone number is 022 - 2266 0502. The website is www.rbi.org.in and the email is helpdoc@rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and financial regulation.
Guidelines for 'on tap' Licensing of Small Finance Banks: Regulatory guidelines issued by the Reserve Bank of India for licensing Small Finance Banks.
VFS Capital Limited: A company that withdrew its application for 'on tap' Licensing of Small Finance Banks.
Mumbai: City where the Department of Communication of the Reserve Bank of India is located.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
October 27, 2025
VFS Capital Limited withdraws the application submitted under Guidelines for
‘on tap’ Licensing of Small Finance Banks
The Reserve Bank had announced the receipt of application from VFS Capital
Limited under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the
press release on January 01, 2025. It is now communicated that VFS Capital Limited
has withdrawn its application.
(Brij Raj)
Press Release: 2025-2026/1387 Chief General Manager