RBI announced on October 27, 2025, that VFS Capital Limited has withdrawn its application submitted under Guidelines for 'on tap' Licensing of Small Finance Banks. RBI previously announced the receipt of the application on January 01, 2025. Contact details for the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 are: phone: 022 - 2266 0502, Website: www.rbi.org.in, Email: helpdoc@rbi.org.in. The press release number is 2025-2026/1387. Brij Raj, Chief General Manager.
Key Entities Referenced
Reserve Bank of India: The central bank of India, which is issuing this press release and responsible for the guidelines mentioned.
Guidelines for 'on tap' Licensing of Small Finance Banks: The regulatory framework under which VFS Capital Limited submitted its application.
VFS Capital Limited: The entity withdrawing its application to become a Small Finance Bank.
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has withdrawn its application.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