ï¿½What are your views on the ï¿½on tapï¿½ license released for the small finance banks?
The recent review on the performance of small finance banks has unveiled that all the priority sector targets allotted to them have been achieved and they have completely achieved the mandate for spreading financial inclusion. Thus, there is a strong and compelling case to let more players into the area for enhancing the access to banking facilities for small borrowers for encouraging competition. RBI has thus drafted rules for ï¿½on tapï¿½ licensing for small finance banks and 10 new entities have been given finance bank licenses.
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