4 things to watch out for small finance banks
Five small finance banks have started operations so far
Mumbai: After 10 applicants received in-principle approvals from the Reserve Bank of India (RBI) in September 2015 to open small finance banks, five entities have started operations so far. While the other two have received the final licence, the remaining three are waiting to receive the final nod. In-principle approval lapses in March, which means that they need to receive final licence before it expires.