Non-banking finance companies, co-operative banks and payments banks can now convert into small finance banks (SFBs), which will help improve their reach and access to funds. The downside is that half of their loans will be for borrowers seeking to raise Rs 25 lakh or less as against regular commercial banks which don’t have this restriction.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2qpx9wi
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