Posted by : The Caspian Debt Team Brave Bankers
There has been a flurry of activity in the financial sector. As we go to press, six small finance banks – a new category of banks to advance the governments financial inclusion agenda – have started operations, out of the 10 that had got the Reserve Bank of India’s, or RBI’s, “in-principal” approval in September 2015. These include, two which took off last year – Equitas in Chennai and Capital Local Area Bank in Jalandhar.