November 23, 2024 07:33 (IST)
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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

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.