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