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Wednesday, October 15, 2014

Guidelines on small finance banks in a few weeks: RBI Governor

The Reserve Bank of India will issue guidelines for small finance banks in a few weeks, according to its Governor Raghuram G Rajan.

Speaking at the 10th IDRBT Technology Awards here on Wednesday, Rajan said these small finance banks could cater to small customers across the country.

Referring to payment banks, he said they should tie-up with a regular commercial bank to offer entire range of services.


Source : The Hindu

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