10 entities, including Ujjivan Financial Services and Equitas Holdings, on Wednesday got RBI’s approval to set up Small Finance Banks to provide basic banking services to small farmers and micro indus-tries. Other entities to get the Reserve Bank’s nod are Au Financiers (Jaipur), Capital Lo-cal Area Bank (Jalandhar), Disha Microfin (Ahmedabad), ESAF Microfinance (Chen-nai), Janalakshmi Financial (Bengaluru), RGVN (North East) Microfinance (Guwa-hati), Suryoday Micro Finance (Mumbai) and Utkarsh Micro Finance (Varanasi). The “in-principle” approval will be valid for 18 months to enable these entities comply with the guidelines on Small Finance Banks, RBI said in a statement.
Business & Economics
Hp Eyes $1bn Sale Of Mphasis Stake M
MUMBAI (TIP): Hewlett Packard (HP) has formally started work to sell IT services firm MphasiS Ltd with Citigroup managing the process, said people directly briefed on the matter. HP’s move is said to attract the […]
Featured
BOB Chairman & MD visiting New York
NEW YORK, NY (TIP): Bank of Baroda Chairman and Managing Director, Mr. S.S. Mundra will be visiting New York from September 16th to 18th. It is the first visit of Mr. Mundra to New York […]
Business & Economics
Indian American father-daughter Bankers team revolutionizes banking via mobile app
A mobile app launched by Indian American banker Jay Sidhu and his daughter Luvleen can revolutionise the global banking industry into completely phone-app based banking system, a media report said. Jay Sidhu, chairman and CEO of […]
Be the first to comment