The Reserve Bank of India has increased the minimum capital requirement for small finance banks to Rs 200 crore and allowed Payments Banks to upgrade as SFBs....
In the last couple of years, the Indian Bank System has seen the rise of a new bank system, the payments bank. What is a Payment bank? Payments bank is an Indian new model of banks conceptualised by the RBI. These ...
In a bid to increase the scope and functioning of new entities in the banking sector, as per PTI reports, the government backed pension scheme Atal pension yojana shall now be offered by both the payments banks and the small finance ...