Small Finance Banks Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Government relaxes norms of Atal Pension Yojana to expand coverage

The Union Finance Ministry has relaxed norms of Atal Pension Yojana (APY) to allow small finance banks and payment banks to offer APY distribution. The move is expected to help expand coverage of the scheme and strengthen existing channels of APY distribution. Key Facts The APY scheme follows same investment pattern as applicable to National Read More…

Month:  Categories: Government Schemes & Projects

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Capital Area Bank first to get small finance bank licence from RBI

Jalandhar based Capital Local Area Bank (CLAB) Limited became the first financial entity in India to get Small Financial Bank Licence by the Reserve Bank of India (RBI). CLAB ltd claims to be largest local bank in the country with total 44 branches in five districts of Punjab. It will begin its operations as a small Read More…

Month:  Categories: Business, Economy & Banking

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RBI approves 10 entities to set up Small Finance Banks

The Reserve Bank of India (RBI) has granted in principle approval to 10 entities to set up small finance banks to provide basic banking services to small farmers and micro industries. The in-principle approval will enable these entities comply with the guidelines on Small Finance Banks and will be valid for 18 months. 10 entities Read More…

Month:  Categories: Business, Economy & Banking

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