The Reserve Bank of India received 72 applications for small finance banks in 2014, of which only 10 received an in-principle nod.

The 72 applicants were:
1. Aamcol Trexim Pvt. Ltd & Mackmorn Commodities Pvt. Ltd., Kolkata
2. Apex Abishek Finance Limited, Coimbatore
3. Ashika Global Securities Pvt. Ltd., Kolkata
4. Asomi Finance Private Limited, Guwahati
5. Au Financiers (India) Limited, Jaipur
6. Bhartiya Samruddhi Investments and Consulting Services Ltd., New Delhi
7. BRD Securities Ltd., Thrissur
8. Bretton Woods Exim Private Limited, New Delhi
9. Calance Software Private Limited, New Delhi
10. Capital Local Area Bank Ltd., Jalandhar
11. Capital Trust Limited, New Delhi
12. Chaitanya India Fin Credit Private Limited, Bengaluru
13. Coastal Local Area Bank Ltd., Vijayawada
14. Dewan Housing Finance Corporation Limited, Mumbai
15. Disha Microfin Private Limited, Ahmedabad
16. Dr. K. Cherian Varghese, Kochi
17. Dr. Shubhro Sen, New Delhi
18. Electronica Finance Limited, Pune
19. Elite Green Private Limited, Ahmedabad
20. Equitas Holding P Ltd., Chennai
21. ESAF Microfinance and Investments Private Limited, Chennai
22. Grama Vidiyal Micro Finance Limited, Tiruchirapalli
23. Home First Finance Company India Pvt. Ltd., Mumbai
24. Idhayam – G Finance and Investment Services Limited, Virudhunagar
25. IIFL Holdings Limited, Thane
26. Indigo Fincap Private Limited, Nawanshahar
27. IntelleCash Microfinance Network Company Private Limited, New Delhi
28. Inventure Finance Private Limited, Mumbai
29. Ishan Developers & Infrastructure Ltd., Chandigarh
30. Jagaran Microfin Private Limited, Kolkata
31. Jainco Projects (India) Limited, Kolkata
32. Janalakshmi Financial Services Private Limited, Bengaluru
33. Kerala Permanent Benefit Fund Ltd., Aluva
34. Kosamattam Finance Limited, Kottayam
35. Kotalipara Development Society, 24 Parganas North
36. Light Microfinance Private Ltd., New Delhi
37. Lulu Forex Private Ltd., Kochi
38. Mahanadhi Finance Limited, Erode
39. Mangal Keshav Capital Limited, Mumbai
40. Microsec Resources Private Limited, Kolkata
41. Smt. Rajni Aneja, New Delhi
42. Pareka Investment Private Limited, Kolkata
43. Professional Management &Advisory Services (P) Ltd., Delhi
44. Proficient Leasing & Finance Ltd., Allahabad
45. Repco Micro Finance Ltd., Chennai
46. RGVN (North East) Microfinance Limited, Guwahati
47. S. E. Investments Limited, Agra
48. Sahara Utsarga Welfare Society, 24 Parganas North
49. Saija Finance Private Limited, New Delhi
50. Satin Creditcare Network Limited, New Delhi
51. Shri Ajay Singh Bimbhet & others, Mumbai
52. Shri Ajit Kumar Sharan, Mumbai
53. Shri Collin R Timms & others, Mumbai
54. Shri Kiran Dhondopant Thakur & others, Belgaum
55. Shri M. R. Seetharam, Bengaluru
56. Shri Manish Khera, Mumbai
57. Shri Nijay Kumar Gupta, Mumbai
58. Shri V.Balakrishnan & others, Bengaluru
59. Shri Vinod Jain, Gurgaon
60. SKS Microfinance Limited, Mumbai
61. Sonata Finance Pvt. Ltd., Lucknow
62. Sri Jayalakshmi Automotives Private Limited, Hyderabad
63. Sunmarg Welfare Society, 24 Parganas South
64. Suryoday Micro Finance Private Limited, Navi Mumbai
65. Tri-Deep Leasing and Finance Limited, New Delhi
66. UAE Exchange & Financial Services Ltd., Bengaluru
67. Ujjivan Financial Services Private Limited, Bengaluru
68. Utkarsh Micro Finance Private Limited, Varanasi
69. VAYA Finserv Private Limited, Hyderabad
70. Village Financial Services Private Limited, Kolkata
71. Vinayak Local Area Bank Limited, Sikar
72. Vsoft Technologies Private Limited, Hyderabad