https://www.taxtmi.com/news?id=14914 The address presents differentiated bank licensing as a regulatory innovation to advance financial inclusion by creating Payment Banks and Small Finance Banks. Payment Banks are limited to low risk payments and small deposits with technology driven operations and constrained product scopes to serve migrant labour, low income households and small businesses. Small Finance Banks are mandated to provide savings and targeted credit to unserved and underserved sectors, subject to portfolio composition rules, priority sector lending targets, loan size and single borrower exposure limits, and promoter eligibility including conversions from NBFCs, MFIs and LABs. en-us Wed, 26 Aug 2015 17:09:21 +0530 Wed, 26 Aug 2015 17:09:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14914 The address presents differentiated bank licensing as a regulatory innovation to advance financial inclusion by creating Payment Banks and Small Finance Banks. Payment Banks are limited to low risk payments and small deposits with technology driven operations and constrained product scopes to serve migrant labour, low income households and small businesses. Small Finance Banks are mandated to provide savings and targeted credit to unserved and underserved sectors, subject to portfolio composition rules, priority sector lending targets, loan size and single borrower exposure limits, and promoter eligibility including conversions from NBFCs, MFIs and LABs. News - Wed, 26 Aug 2015 17:09:21 +0530 https://www.taxtmi.com/news?id=14914