Sat, Apr 27, 2024
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eligibility criteria. Firstly, they must maintain a satisfactory track record of performance for a minimum of five years.
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Mon, Feb 05, 2024
Big news for payment, small finance banks...RBI can issue a circular on the rules related to this this week...NITI Aayog had released its report on digital banks in 2022.JIO Payments, for Fino small finance bank The policy is beneficial. After the license of the digital bank, the scope of services can increase. Know the complete news from Tarun Sharma...
Thu, Jul 20, 2023
The Navi Mumbai-based company is a subsidiary of Fino Paytech, which is backed by marquee investors such as Bharat Petroleum, ICICI Group, Blackstone, IFC, Intel and LIC, among others.
Wed, Mar 29, 2023
Borrowers in Goa opted increasingly for private sector banks and small finance firms instead of nationalized and cooperative banks in 2022-23, the state's Economic Survey report said. Overall bank loans during 2022-23 (up to September 2022) stood at Rs 30,769.92 crore against Rs 30,609.13 crore during the same period in 2021-22, as per the report.
Thu, Aug 25, 2022
As credit growth is outpacing deposit growth in the recent period, the credit-deposit (C-D) ratio has been on the rise, the data showed.
Fri, Dec 06, 2019
A small finance bank undertakes basic banking activities of accepting deposits and lending to unserved and underserved sections, including small business units, small and marginal farmers, micro and small industries and unorganised sector entities.
Fri, Mar 15, 2019
RBI Governor Shaktikanta Das held a meeting with heads of Small Finance Banks today to discuss their participation in priority sector lending and financial inclusion.
Mon, Aug 21, 2017
ICRA said, "The Indian micro loan sector with a size of around Rs 1.7 lakh crore as on March 31, 2017, has grown at a healthy compounded annual growth rate of 32% during FY2013-2016. Of this NBFC-MFIs, Small Finance Banks (SFBs) and Banks (excluding the SHG Bank linkage programme) had grown at a much faster pace of 57%. However, the growth trajectory for NBFC-MFIs/SFBs and banks changed post-demonetisation with the portfolio growth slowing down from 72% in FY2016 to 29% in FY2017."
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