RBI lays down norms for small finance banks; subjects segment to higher capital requirement
Friday, 07 October 2016 - 14:15:56
The Reserve Bank of India (RBI) on Thursday laid down operating guidelines for small finance banks (SFBs). While the norms are mostly identical with those for scheduled commercial banks (SCBs), the RBI has subjected SFBs to, as mentioned in the draft guidelines, higher capital requirement.
FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.