Small Finance Banks alert! RBI issues these important guidelines - What SFBs must know
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.
Reserve Bank of India has issued guidelines for 'on tap' licensing and set a minimum net worth of Rs 200 crore to set up such entities. Reuters photo.