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India was still reeling under demonetisation ... of five years as mandated earlier this year. Unlike payment banks, SFBs cater to small borrowers and can lend up to INR 25 lakh (subject to ...

Indian private banks say they expect increases in defaults on small and personal loans due to slower economic growth to ...

The Reserve Bank of India (RBI) has now allowed small finance banks (SFBs) to offer pre-sanctioned credit lines via UPI ...

According to RBI’s notification on February 12, 2025, Scheduled Commercial Banks can issue pre-sanctioned credit lines ...

The Reserve Bank of India (RBI) imposed penalties on Equitas Small Finance Bank and India Post Payments Bank for regulatory compliance deficiencies. Equitas was fined Rs 65 lakh for non-compliance ...

The Reserve Bank of India had recently put restrictions on Paytm Payments Bank, stopping it from offering additional banking services starting from March 2024. This action was taken due to ...

The Reserve Bank of India (RBI) has levied penalties on Equitas Small Finance Bank and India Post Payments Bank for failing to meet regulatory compliance standards. A fine of Rs 65 lakh was imposed on ...

MUMBAI, Feb 10 (Reuters) - Indian private banks say ... in rural areas for small business needs, where stress could take "at least another quarter" to normalise, he added. India's rural economy ...