Not the end of the road: Sachin Bansal as RBI rejects banking licence application

Navi Chairman Sachin Bansal said, "It is not the end of the road for us," after Navi's subsidiary Chaitanya India Fin Credit Private Limited's application for a universal banking licence was rejected by the RBI. "There are many things to explore including re-applying," said Bansal, who previously co-founded Flipkart. "We haven't received written communication from RBI yet," he added.