RBI Lays Out Criteria For Small Finance Banks To Achieve Universal Banks License
The bank intending to transit must have their shares listed on a recognized stock exchange.
Apr 27, 2024, 11:29 AM IST
Now get up to 9 percent interest on Fixed Deposits with THIS bank; Check FD return calculator & other key details
In a move to capitalise on the current environment of high-interest rates and the popularity of its recently introduced "Shagun" special fixed deposit interest rates, Unity Small Finance Bank has raised the interest rates.
Nov 20, 2022, 15:43 PM IST
THESE 5 banks offer 7% interest rate on savings accounts
To attract new retail customers, small finance banks are giving greater interest rates on savings accounts.
Sep 25, 2021, 15:51 PM IST
Bank Fixed Deposits: THESE banks offer up to 7% return, here’s how it is better than HDFC, Kotak and more
Picture this, the data revealed that small finance banks like AU Small Finance Bank, Equitas Small Finance Bank and Ujjivan Small Finance Bank were providing interest rates up to 7%. Besides that the DCB bank offered up to 6.75% interest rate, followed by RBL Bank (6.25%) and Bandhan Bank (6%).
Jul 13, 2021, 17:49 PM IST
SFB loans to MFIs for on-lending to be classified as priority sector lending
At present, lending by Small Finance Banks (SFBs) to Micro Finance Institutions (MFIs) for on-lending is not reckoned for priority sector lending (PSL) classification.
May 05, 2021, 14:47 PM IST
Asset quality of microfinance institutions, small finance banks has improved: CRISIL
Asset quality of MFIs in Tamil Nadu, Kerala, Odisha, West Bengal and Bihar remained largely resilient despite demonetisation and its aftermath.
Feb 22, 2018, 20:02 PM IST
RBI issues operational guidelines for Payment, Small Finance Banks
The RBI released on Thursday its operating guidelines for Payment Banks and Small Finance Banks, noting the prudential regulatory framework for the entities under the two categories will largely be drawn from the Basel standards.
Oct 06, 2016, 19:33 PM IST
New banks to complement existing banking system: Chanda Kochhar
Ruling out any competition to full-service banks from payments and small finance banks, top banker Chanda Kochhar has said they can actually complement the existing banking system and ICICI Bank will explore opportunities for mutually beneficial partnerships.
Jan 24, 2016, 19:33 PM IST
Swamy demands ED probe into RBI licences for small banks
Senior BJP leader Subramanian Swamy on Tuesday asked Prime Minister Narendra Modi to order a probe by Enforcement Directorate into in-principle approvals given by RBI to 10 entities to set up small finance banks.
Oct 27, 2015, 18:32 PM IST
Small bank licenses to shake up the microfinance biz: Ind-Ra
The microfinance business will now be dominated by small finance banks (SFBs) which will bring down systematic risk but at the cost of lower returns, said India Ratings and Research (Ind-Ra).
Sep 18, 2015, 22:16 PM IST
Small Finance Bank licence holders start hunt for investors
With RBI granting in-principle approval to 10 entities to operate as Small Finance Banks, many of the successful bidders today said they will start the process of roping in investors.
Sep 16, 2015, 22:56 PM IST
RBI grants in-principle approval to 10 applicants for small finance banks
The “in-principle” approval granted will be valid for 18 months to enable the applicants to comply with the requirements under the guidelines and fulfil other conditions as may be stipulated by the RBI.
Sep 16, 2015, 19:01 PM IST
RBI appoints NSE's Narain to small bank panel
The Reserve Bank of India (RBI) Wednesday appointed NSE Vice-Chairman Ravi Narain member of its External Advisory Committee (EAC) for small finance banks.
Apr 22, 2015, 00:13 AM IST
Small-bank rules accommodative,to attract applicants: Analysts
Analysts have welcomed the RBI's final guidelines for setting up small finance banks (SFBs) and payments banks (PBs), saying it will generate good interest in the industry as the norms are accommodative.
Nov 28, 2014, 18:04 PM IST
Suitors line up for small finance and payment banks
With RBI issuing final licensing norms for small finance and payment banks, a host of potential suitors including Shriram Capital and Muthoot Finance on Thursday evinced initial interest in setting up such niche entities.
Nov 27, 2014, 22:11 PM IST
RBI issues final norms for payment, small finance banks
The move, aimed at deepening financial inclusion and boost saving habits, comes within seven months of RBI issuing two full-fledged banking licences in April this year.
Nov 27, 2014, 22:08 PM IST
Financial inclusion: RBI releases final guidelines for licencing of niche banks
Minimum paid-up equity capital for both Payments Banks and Small Finance Banks has been set at Rs 100 crore.
Nov 27, 2014, 18:45 PM IST
RBI to issue guidelines for small finance banks soon
The Reserve Bank will soon invite applications for small finance banks that would provide basic products like credit but in a limited area.
Oct 15, 2014, 21:33 PM IST
