Tag: small finance banks

Mumbai Global Fintech Fest 2026: Small Finance Banks seen taking big steps

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Mumbai Global Fintech Fest 2026: Small Finance Banks seen taking big steps

AU Small Finance Bank has announced it’s entry into credit card segment by introducing CheQ AU Credit Card, India’s first LED-enabled credit card in association with Visa and CheQ, one of India’s leading credit-management platforms, at GFF. File Photo Credit: Special Arrangement They may be small, and named small by the regulator, due to their…

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C. Rangarajan flags fewer regional rural banks as ‘a step in the wrong direction’; urges RBI to incentivise SFBs

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C. Rangarajan flags fewer regional rural banks as ‘a step in the wrong direction’; urges RBI to incentivise SFBs

Former Reserve Bank of India Governor C. Rangarajan has criticised the consolidation of Regional Rural Banks (RRBs), saying the move has undermined their local and regional character and could eventually lead to their merger with universal banks. “What has happened to Regional Rural Banks?” Mr. Rangarajan asked while speaking at an event in Chennai marking…

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RBI to allow small finance banks to extend credit lines through UPI

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RBI to allow small finance banks to extend credit lines through UPI

Security Personnel passes by a logo of Reserve Bank of India outside RBI Headquarters in Mumbai on December 6, 2024. | Photo Credit: Emmanual Yogini The Reserve Bank on Friday (December 6, 2024) proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface (UPI). UPI is an instant real-time payment…

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