Note ban: MFIs seek more time for loan repayments

In December 2016, RBI had granted additional 60 days for repayment of certain loans With disruptive influence at local level continuing to impact repayments, the Microfinance Institution Network......

RBI names 10 companies to set up microfinance banks

Ten entities, including Ujjivan Financial Services and Equitas Holdings, today got RBI's approval to set up Small Finance Banks to provide basic banking services to small farmers and micro......

What helped Bandhan get the banking licence?

Bankers and industry analysts are almost certain that Bandhan’s presence at rural centres of eastern and northeastern states influenced RBI’s decision of giving it a banking licence,......

3-member panel to scrutinise new bank licences

The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January. "We have......