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RBI receives two more applications for SFB license
Critically analyze the role of Small finance banks in promoting financial inclusion in India.(150 Words)
Approach:
- Introduce by giving a definition of Small Finance Banks (SFBs) and discuss RBIs differentiated banking licensing
- Highlight the differences and similarities between a conventional bank and a small finance bank
- Discuss how SFBs can help promote financial inclusion in India
- Briefly discuss the performance of SFBs till now
- Way Forward / Conclusion
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