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GRAP 4 restrictions reimposed in Delhi as air quality dips to 'severe' category | 39 ministers included in Devendra Fadnavis-led Maharashtra cabinet | People who raise questions on EVMs should show how they can be hacked: TMC trashes Congress claims | Bangladesh likely to hold national polls in late 2025 or early 2026, says Yunus in Victory Day speech | Constitution stood test of time: Nirmala Sitharaman in Rajya Sabha | PM Museum requests Rahul Gandhi to return Pandit Nehru's historical letters | Indian tabla maestro Zakir Hussain dies at 73 in San Francisco, confirms family | Kolkata woman strangled, beheaded and chopped into pieces for refusing brother-in-law's advances | Arvind Kejriwal, CM Atishi to contest Delhi polls from current constituencies | Atul Subhash suicide case: Wife Nikita, her mother and brother arrested
Small Finance Banks can now apply to become universal banks under the on-tap licesning norms: RBI

Small Finance Banks can now apply to become universal banks under the on-tap licesning norms: RBI

Apr 27, 2024, at 05:50 am

Mumbai: The Reserve Bank of India (RBI) on Friday said that small finance banks (SFBs) meeting certain criteria can now seek approval from the regulator to transition into universal banks under the on-tap licesning norms.

RBI allows banks to continue giving credit to NBFCs for on-lending to priority sector

RBI allows banks to continue giving credit to NBFCs for on-lending to priority sector

May 14, 2022, at 07:57 pm

Reserve Bank has asked banks as well as small finance banks (SFBs) to continue lending to the NBFCs for the purpose of on-lending to certain priority sectors.