Ujjivan Small Finance Bank has launched Garima Savings Account for women customers. The bank is offering 7 per cent rate of interest on savings account.
The Rs 200-crore minimum capital requirement norms would not be applicable for SFBs which came into operation after converting from urban cooperative banks, NBFCs/MFIs/local area banks and payment banks, the regulator said.
Mumbai: Introducing a new concept of niche banking in India, the Reserve Bank of India (RBI) has issued final norms for payment banks and small finance banks that would allow mobile firms and supermarket chains,
Top News
Latest News
