Promoting Differentiated Banking
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Differential Banking |
With differentiated banks such as small finance banks (SFBs) and payments banks (PBs) commencing operations in 2016-17, the Reserve Bank has started exploring the scope of setting up wholesale and long-term finance (WLTF) banks focused primarily on lending to infrastructure sector and small, medium and corporate businesses. |
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Types of Differential Banking |
i. Payment Banks ii. Small Financial Banks iii. On Tap Bank License |
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Payment Banks |
On 19 August, 2015, the Reserve Bank of India gave a principle nod to 11 private parties to set up “payment banks. A payment bank is a differentiated bank that will undertake only certain restricted banking .... | |
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