RBI Deputy Governor Swaminathan emphasizes sustainable models and key areas for improvement in Small Finance Banks at a Bengaluru conference.
RBI Deputy Governor Swaminathan addressed the importance of sustainable business models for Small Finance Banks (SFBs) at a Bengaluru conference. He urged SFB directors to enhance governance, cybersecurity, and customer service while focusing on financial inclusion. SFBs, operational since 2016, must lend at least 75% of their adjusted net bank credit to priority sectors. CRISIL Ratings forecasts SFB advances to grow by 25-27% this fiscal year.
September 27, 2024
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