universal bank

AU Small Finance Financial institution’s board approves proposal to make an software to RBI for transition to common financial institution

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The Board of Administrators of AU Small Finance Financial institution on Thursday permitted a proposal to make an software to the Reserve Financial institution of India for transition from a Small Finance Financial institution (SFB) to a common financial institution. Learn extra:Fincare to stay a unit of AU for 3 years: Sanjay Agarwal, MD and … Read more

RBI lays out a roadmap for voluntary transition of small finance banks to common banks

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The Reserve Financial institution of India on Friday laid out a roadmap for the voluntary transition of small finance banks (SFBs) to common banks, prescribing standards similar to minimal internet price of ₹1,000 crore, internet revenue within the final two monetary years, low non-performing asset (NPA) ratio and diversified mortgage portfolio. businessline had reported on … Read more

RBI rejects SFB functions of Dvara Kshetriya Gramin, Tally Options

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The Reserve Financial institution of India has rejected two extra functions to arrange small finance banks, specifically by Dvara Kshetriya Gramin Monetary Companies and Tally Options Personal, the central financial institution mentioned in a launch. Additionally learn: RBI could subject steerage on SFB upgradation to common banks Dvara Kshetriya Gramin Monetary Companies had utilized for a … Read more