What is small finance bank example?
Some of the operational Small Finance Banks in India are as follows. Ujjivan Small Finance Bank. Janalakshmi Small Finance Bank. Equitas Small Finance Bank.
What do you mean by small finance banks?
Small Finance Banks is a specific segment of banking created by RBI under the guidance of Government of India with an objective of furthering financial inclusion by primarily undertaking basic banking activities to un-served and underserved sections including small business units, small and marginal farmers, micro and ...
Which is small finance bank in India?
HistorySl.No.Original licensee/promoterBank name1Ujjivan Financial Services Pvt LtdUjjivan Small Finance Bank2Janalakshmi Financial Services Pvt LtdJana Small Finance Bank3Equitas Holdings Pvt LtdEquitas Small Finance Bank4Au Financiers India LtdAU Small Finance Bank8 more rows
Is it safe to open FD in small finance bank?
Deposits opened with scheduled banks are protected by the deposit insurance program of DICGC. Having cumulative deposits (including fixed deposits) of up to Rs 5 lakh with each of these small finance banks is as safe depositing money with PSU and large private sector banks.
Are small banks good?
Many small banks, community banks, and credit unions offer better customer service than the large institutions do. Its simply easier to have a personal touch in a smaller setting. Bankers may remember your face and name and that level of attention can make you feel safer about having your money with that bank.