Tag: Bank
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Empowering SMEs: Financial Solutions from the World Bank
Formal MSME Finance Gap in Developing Countries What We Do A central focus of the World Bank Group’s work is to expand access to finance for small and medium enterprises (SMEs) and to find innovative ways to unlock new sources of capital. Expanding SME finance enables investment, innovation, and productivity, particularly among underserved segments such…
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Fino Payments Bank Receives RBI Approval to Transition into Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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Fino’s Transformation: Emphasizing Secured Lending as a Small Finance Bank
The transition will be a cautious one with a focus on secured lending, primarily loans against property (LAP), affordable housing, and, to some extent, gold loans, managing director and chief executive officer Rishi Gupta told Mint in an interview. Unsecured lending will be strictly limited and targeted, he added. Following the RBI’s approval on Friday,…
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Fino Payments Bank Receives RBI Approval to Become a Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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Indian Bank Reduces Lending Rates After RBI Cuts Repo Rate to 5.25%
Last Updated:December 06, 2025, 15:13 IST Indian Bank cuts Repo Linked Benchmark Lending Rate to 7.95 percent after RBI reduces repo rate to 5.25 percent. Indian Bank cuts lending rate Repo Rate Cut Impact: In tune with the Reserve Bank of India’s (RBI) announcement cutting the repo rate by 25 basis points, from 5.50% to…
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RBI Approves Fino Payments Bank’s Transition to Small Finance Bank
Notably, Fino Payments Bank is targeting a profit after tax of Rs 100 crore in the current financial year, according to Chief Executive Officer Rishi Gupta. He had stated that the conversion into a SFB will enable greater control over its product offerings and drive further growth. “We are working on some renegotiation, working on…
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RBI Approves Fino Payments Bank’s Transition to Small Finance Bank
Mumbai: The Reserve Bank on Friday granted ‘in-principle’ approval to Fino Payments Bank Ltd (FPBL) for conversion into a Small Finance Bank (SFB).Fino Payments Bank, which started operations in 2017, had applied for a small finance bank license in October-December 2023. RBI has issued the Guidelines for ‘on tap’ licensing of SFBs in the private…
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Bank of England Lowers Capital Requirements for UK Banks
The Bank of England’s Financial Policy Committee (FPC) reduced its benchmark capital requirement for UK banks from %14 to %13 of risk-weighted assets (RWAs). Following a decline in average risk weights since 2016, a growing number of major UK banks are now more constrained by leverage ratio requirements than by risk-weighted measures. The FPC plans to…
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Bank of India Leads the Way in Reducing Repo-Linked Loan Rates
Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: compliance@upstox.com | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001 |…