Mumbai:┬áThe Reserve Bank of India’s draft guidelines for ‘on tap’ licensing for ‘Small Finance Banks in the Private Sector’ proposed a minimum paid-up voting equity capital of Rs 200 crore to set up such entities. A small finance bank undertakes basic banking activities of accepting deposits and lending to unservedRead More →

Utkarsh Small Finance Bank revised it fixed deposit interest rates. Fixed deposit (FDs) are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks focus on financial inclusion by provision of savings vehicles and supply ofRead More →

Last week, Utkarsh Small Finance Bank revised it fixed deposit interest rates. Fixed deposit (FDs) are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks focus on financial inclusion by provision of savings vehicles andRead More →