5 search results for "small finance banks"

Policy Brief: RBI releases “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”

Context On 5 December, the Reserve Bank of India (RBI) issued guidelines for ‘on tap’ licensing of small finance banks in the private sector. The move comes after a review of the performance of the existing small finance banks, which were granted in-principle approval in 2015. The draft guidelines was placed for public comments on 13 September 2019. According to the Central Bank, the final guideli...

Policy Update: RBI introduces a new type of PPI

Context On 5 December, the Reserve Bank of India (RBI) announced a slew of sops for fintech companies.  These include, re-introduction of minimum KYC (know-your-customer) PPIs (prepaid payment instruments), revision of P2P (peer-to-peer) lending limits and issuance of on-tap licenses for small finance banks. This is a part of various developmental and regulatory policy measures for strengthening r...

NASSCOM’s feedback to the Reserve Bank of India (RBI) on ‘Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector’

As the representative of the information technology industry, we take this opportunity to present our views and suggestions on the Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector which provides a window of opportunity to non-banking financial companies (NBFCs), Payments Banks (PBs), micro-finance institutions (MFIs) and fintechs (in lending) to apply for Small ...

Request for Inputs: Draft Guidelines for ‘on-tap’ licensing of Small Finance Banks in the Private Sector

Dear Members, On 13 September, the Reserve Bank of India (RBI) issued draft guidelines for ‘on tap’ licensing of small finance banks in the private sector. The move comes after a review of the performance of the existing small finance banks, which were granted in-principle approval in 2015. RBI had issued the Guidelines for Licensing of “Small Finance Banks” in the Private Sector on November 27, 2...

Policy Brief: RBI issues draft guidelines for ‘on tap’ licensing of Small Finance Banks in the Private Sector

Context On 13 September, the Reserve Bank of India (RBI) issued draft guidelines for ‘on tap’ licensing of small finance banks in the private sector. The move comes after a review of the performance of the existing small finance banks, which were granted in-principle approval in 2015.  RBI had issued the Guidelines for Licensing of “Small Finance Banks” in the Private Sector on November 27, 2014. ...