RBI issues draft norms for small banks, payment banks
A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses.
Jul 17, 2014, 19:06 PM ISTRBI issues draft guidelines for setting up small, payment banks
The RBI also proposed Rs 100 crore as minimum capital required for setting up small bank and payment bank.
Jul 17, 2014, 18:12 PM IST