SME Times is powered by   
Search News
Just in:   • Google kills feature to book Uber rides through Maps  • Microsoft buys student video discussion platform Flipgrid  • Macro data relief!  • Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank  • Biggest loan waiver scheme for farmers in Rajasthan: Raje 
Last updated: 18 Oct, 2017  

rbi_thumb.jpg North East Small Finance Bank commences operations: RBI

rbi-new.jpg
   Top Stories
» Govt to spend $1 bn to boost services exports: Prabhu
» Govt releases report on pharma exports to China
» Kovind in Greece, calls for higher bilateral trade
» 'NIFTEM has potential to become Harvard of food processing sector'
» Modi hints at more steps to push growth to double digit
SME Times News Bureau
The Reserve Bank of India (RBI) said on Tuesday the North East Small Finance Bank has commenced operations.

A small finance bank has been envisioned to undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections.

The development comes after the RBI issued a licence to the North East Small Finance Bank to carry out the business of small finance bank.

"RGVN (North East) Microfinance Limited, Guwahati was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced... on September 16, 2015," the RBI said in a statement.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 19 Jun, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(27)
» RBI eases NPA norms for MSMEs(1)
» Modi interacts with Digital India beneficiaries(1)
» Modi interacts with young innovators, start-up entrepreneurs(1)
» Exports to China up 40 percent in 2017(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter