RBI lays down guidelines for payments banks’ SFB licence

News:The Reserve Bank of India has released final Guidelines for the ‘on tap’ Licencing for Small Finance Banks(SFBs). Facts: About the Guidelines for ‘on-tap’ Licencing: The minimum paid-up voting equity capital / capital requirement shall be Rs 200 crores. For Primary (Urban) Co-operative Banks (UCBs), who voluntarily wants to transition into SFBs initial requirement of… Continue reading RBI lays down guidelines for payments banks’ SFB licence