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What is Overview of Small Finance Banks in India about?

Small Finance Banks (SFBs) were introduced in India in 2015 to enhance financial inclusion by providing banking services to underserved populations, including small businesses and marginal farmers. They are required to maintain specific capital and operational guidelines set by the Reserve Bank of India, such as having a minimum paid-up capital of INR 100 crore and ensuring that at least 25% of their branches are located in unbanked areas. SFBs can also convert from other financial institutions and must adh

Author

Soma Sekhar Pariti

Language

EN