Small Finance Bank-SFB Small Finance Banks are those financial institutions that provide financial services to the areas of the country where banking services are not available. SFBs have been established to facilitate financial inclusion to small business units, small and marginal farmers, micro and small scale industries and entities in the unorganized sector. The establishment of a small finance bank was recommended by the Nachiket Mor committee. Small Finance Bank is registered as a Public Limited Company under the Companies Act, 2013. Small finance banks cannot borrow funds from the Reserve Bank of India unlike any other scheduled bank. It is a smaller and limited version of commercial banks that can take deposits and give loans. The minimum capital for setting up an SFB should be Rs 100 crore. It can sell other products such as insurance, mutual funds etc. and take the size of a full-fledged commercial bank. There are 10 small finance institutions operating in India. Capital Smal...
Dive into a world of knowledge with our diverse blogs covering Biography, Science, Technology, Health, History, and much more. Stay informed, inspired, and updated with engaging and well-researched content across various topics.