gaziantep escort gaziantep escort
Small Finance Banks Their Headquarters and Heads - Sehpaathi
general awareness

Small Finance Banks Their Headquarters and Heads

Small Finance Banks Their Headquarters and Heads

Small finance banks are a type of niche banks in India. Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending. The aim behind these to provide financial inclusion to sections of the economy not being served by other banks, such as small business units, small and marginal farmers, micro and small industries and unorganised sector entities.

REGULATIONS:

  • The firms must have a capital of 100 crore. Existing non-banking financial companies (NBFC), micro-finance institutions (MFI) and local area banks (LAB)[Local area banks are non scheduled banks
  • They were set up with the twin objectives of providing an institutional mechanism for promoting rural and semi urban savings and for providing credit for viable economic activities in the local areas
  • They were established as public limited companies in the private sector
  • They are promoted either by individuals , corporate, trusts or societies
  • The minimum paid up capital of such banks was Rs. 5 crores
  • The promoter’s contribution should be at least Rs. 2 crores
  • Local area banks can operate and open their branches in a maximum of three geographically contiguous districts.
  • They are governed by the provisions of Reserve Bank of India act 1934, Banking Regulation act 1949 and other relevant statutes.
  • They are to be registered as public limited companies under the Indian companies act 1956

LIST OF SMALL FINANCE BANK APPROVED BY RBI

SMALL FINANCE BANK HEADQUARTER HEAD PERSON
Au Financiers (India) Ltd Rajasthan Mannil venugopal(chairman)

Sanjay agarwal

Capital Local Area Bank Ltd Jalandhar Sarvjit Samra(CMD)
Disha Microfin Private Ltd Ahmedabad Sameer nanavati(CMD)
Equitas Holdings P Limited Chennai Bhaskar.S(executive director & CMD)
ESAF Microfinance and Investments Private Ltd Chennai K.Paul Thomas(CMD)
Janalakshmi Financial Services Private Limited Bengaluru Ramesh ramanathan(chairman)

V.S.Radha Krishnan(MD&CEO)

RGVN (North East) Microfinance Limited Guwahati Brji Mohan(chairman)

Rupali kalita(Managing director)

Suryoday Micro Finance Private Ltd Navi Mumbai R.Basker babu(MD&CEO)
Ujjivan Financial Services Private Ltd Bengaluru Sudha suresh(MD&CEO)
Utkarsh Micro Finance Private Ltd Varanasi Ragvendra singh (MD&CEO)

 

sehpaathi

Disqus Comments Loading...

Recent Posts

Current Affairs For 19th & 20th November 2023

Hola! If you haven't heard this quote yet, take a moment to read it here.…

4 months ago

Current Affairs For 18th November 2023

"Think good an good follows. Think evil and evil follows. Think creative and creativity will…

4 months ago

Current Affairs For 17th November 2023

Better late than never! Apologies for the delay in responding, but I'm here now to…

4 months ago

Current Affairs For 27th October 2023

By providing accurate information, context, promoting critical thinking, raising awareness, connecting global and local issues,…

5 months ago

Current Affairs For 25th & 26th October 2023

Current affairs coverage often showcases stories of individuals and communities making a positive impact. Q1.…

5 months ago

Current Affairs For 24th October 2023

Current affairs coverage helps individuals understand the interconnectedness of global and local events. It shows…

5 months ago