Small finance banks lower interest rates
RBI started offering small finance bank licence only around six years back. Some MFIs opted for a small bank finance licence. As these are yet to establish a track record as banks, most investment advisers recommend depositors should park only short-term funds with them
NEW DELHI: The days of small finance banks offering over 7% returns on fixed deposit (FD) are coming to an end. Most of them have started reducing interest rates across segments.