ClustersAnalysisBanking & FinanceEast ZoneFinanceFinanceInFocusMake In IndiaNews

North East Small Finance Bank Commences Operations: RBI

Sharing is caring!

The Reserve Bank of India (RBI) said the North East Small Finance Bank has commenced operations.

A small finance bank has been envisioned to undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections.

The development comes after the RBI issued a licence to the North East Small Finance Bank to carry out the business of small finance bank.

“RGVN (North East) Microfinance Limited, Guwahati was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced on September 16, 2015,” the RBI said in a statement.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: