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RBI receives two more applications for SFB license

  • Published
    2nd Sep, 2021

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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