https://www.taxtmi.com/news?id=17622 RBI guidelines establish licensing and regulation for small finance banks and payments banks: small finance banks must be promoted by eligible persons, focus on deposit-taking and lending to unserved and underserved sectors, meet a minimum paid-up equity capital requirement, and comply with prudential norms including CRR and SLR; payments banks may be promoted by specified non-bank entities, accept capped demand deposits per customer, offer payment and remittance services and payment instruments, maintain CRR on outside liabilities, and invest a prescribed share of demand deposits in SLR-eligible government securities. Both are licensed under the Banking Regulation Act and subject to calibrated commercial-bank supervisory frameworks. en-us Fri, 17 Mar 2017 18:27:15 +0530 Fri, 17 Mar 2017 18:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17622 RBI guidelines establish licensing and regulation for small finance banks and payments banks: small finance banks must be promoted by eligible persons, focus on deposit-taking and lending to unserved and underserved sectors, meet a minimum paid-up equity capital requirement, and comply with prudential norms including CRR and SLR; payments banks may be promoted by specified non-bank entities, accept capped demand deposits per customer, offer payment and remittance services and payment instruments, maintain CRR on outside liabilities, and invest a prescribed share of demand deposits in SLR-eligible government securities. Both are licensed under the Banking Regulation Act and subject to calibrated commercial-bank supervisory frameworks. News - Fri, 17 Mar 2017 18:27:15 +0530 https://www.taxtmi.com/news?id=17622