Small Finance Banks Current Affairs, GK & News

RBI Unveils Guidelines on Small Finance Banks

The Reserve Bank of India (RBI) has released ‘Guidelines for ‘on tap’ Licensing of Small Finance Banks (SFB) in the Private Sector’. With these new guidelines, RBI has introduced major changes from earlier Guidelines issued by the apex bank on 27 November 2014, for licensing of Small Finance Banks in private sector. New Guidelines on ..

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On Tap Licence for Small Finance Banks

The Reserve Bank of India (RBI) is considering to issue “on tap” licensing for small finance banks. The on-tap licensing will allow entities to approach the RBI for obtaining licences for small finance banks on meeting laid-down criteria. RBI wants to cash in the potential of small finance banks in promoting banking facilities for small ..

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Government relaxes norms of Atal Pension Yojana to expand coverage

The Union Finance Ministry has relaxed norms of Atal Pension Yojana (APY) to allow small finance banks and payment banks to offer APY distribution. The move is expected to help expand coverage of the scheme and strengthen existing channels of APY distribution. Key Facts The APY scheme follows same investment pattern as applicable to National ..

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Capital Area Bank first to get small finance bank licence from RBI

Jalandhar based Capital Local Area Bank (CLAB) Limited became the first financial entity in India to get Small Financial Bank Licence by the Reserve Bank of India (RBI). CLAB ltd claims to be largest local bank in the country with total 44 branches in five districts of Punjab. It will begin its operations as a small ..

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RBI approves 10 entities to set up Small Finance Banks

The Reserve Bank of India (RBI) has granted in principle approval to 10 entities to set up small finance banks to provide basic banking services to small farmers and micro industries. The in-principle approval will enable these entities comply with the guidelines on Small Finance Banks and will be valid for 18 months. 10 entities ..

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