AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs ...
AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs 12,560 crore of net worth, made profits for the last two fiscals, and its ...
Due to the stringent asset quality norms set by the Reserve Bank of India (RBI), only one, AU Small Finance Bank, out of 11 small finance banks meets the eligibility criteria to apply for a universal ...
Both these lenders, along with Equitas, announced their intent to seek universal banking licence, which offers more ...
Mumbai: The Reserve Bank of India announced new rules for the conversion small finance banks (SBFs) into universal banks on Friday, but it could be a year or two before an SBF applies for a ...
Recently, the central bank issued conditions for voluntary transition of small-finance banks (SFBs) to a universal bank ...
The bank meets all the criteria except for one, to have a GNPA under 3 percent and NNPA under 1 percent for two financial ...
RBI said that listed and profitable small finance banks with gross non-performing assets ratio less than 3% for last two fiscals can apply for universal banking license. Additionally, they need to ...
Mumbai: Small Finance Banks (SFBs) must maintain profitability, and keep their gross non-performing assets ratio below 3% for at least two financial years before applying for a universal bank ...
Stringent asset quality norms set by Reserve Bank of India has made just one out of 11 small finance banks eligible to apply for a universal banking licence while others would need to wait at ...
RBI said that listed and profitable small finance banks with gross non-performing assets ratio less than 3% for last two fiscals can apply for universal banking license. Additionally, they need to ...