Small Finance Banks

RBI monetary policy: Central bank to issue 'on tap' licence guidelines for small finance banks in August

The Reserve Bank of India (RBI) said on Thursday it will come out with guidelines for issuance of licences to small finance banks 'on tap' basis in August 2019 for promoting banking facility for small borrowers and encourage competition

Daily Bulletin: Six dead after CSMT foot overbridge collapse; SC to hear 21 opposition parties' EVM plea; day's top stories

Today's top stories: The death of of the CSMT foot over bridge collapse has risen to six; the Supreme Court will hear a PL filed by 21 Opposition parties on the EVM plea; UK Parliament votes for a Brexit delay; and more.

Mudra loans: NPAs may have doubled in a year, but it is not a reason to worry yet

It would help if both the Mudra agency and the Ministry of Finance put out regular and detailed data regarding Mudra bad loans.

Co-operative banks need a new 'vision document'; sector has not flourished in last 15 years, says RBI director

Till 1967, the Centre, as well as state policy, was to give priority to the cooperative sector but in the later years, barring some institutions, the cooperative sector did not flourish.

RBI deputy governor N S Vishwanathan says urban cooperative banks can corporatise and transform into small finance banks

The RBI has received demand from some quarters to allow this conversion

RBI issues operating guidelines for payment banks, small finance banks

Small Finance Banks will have to follow norms relating to minimum balance, inoperative accounts, nominations, and cheques/drafts.

Bank licences on-tap : RBI's Rajan just poured cold water on dreams of corporate biggies

On-tap banking licence will be the third leg of structural reforms in the banking sector

Payments, small finance banks yet to devise a viable business model: SBI chief

Bhattacharya's comments come within a fortnight of RBI saying it will allow differentiated lenders like custodian and wholesale banks

How the year 2015 transformed the idea of ‘banking’ for you and me

In August, RBI) issued in-principle approvals for 11 entities to set up payments banks and followed this up with the issuance of ten more licences for small finance banks in September

Will not dilute mission when Ujjivan becomes a small finance bank, says founder Samit Ghosh

Ghosh doesn’t believe that the entry of new set of banks will be the end of life for MFIs. Microlenders will survive partnering with the new set of banks