List of small finance banks with headquarters 2020 [Updated]. Important for upcoming exams perspective. GK related questions are very important to remember. Details list of small finance banks with its headquarters list with good images.
Headquarters of Small Finance Banks in India and its tagline
Small Finance Banks in India with their Headquarters, Name of Chairman & Taglines are very important aspects as many gk questions can be asked from this area. Today sarkaribook.in made this info easy to remember for students.
This List of Small Finance Banks with its Headquarters (HQ) is also important for other banking exams such as IBPS PO, IBPS Clerk, SBI Clerk, IBPS SO, SBI SO, SSC and other competitive Examinations 2020.
Before going into details we need to know…
What is a small finance bank?
Small Finance Banks are like other physical banks. The small finance bank will primarily undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganized sector entities, RBI said. The mission to empower the low-income group financially.
List of Small Finance Banks in India with its Tagline in 2020
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List of Small Finance Banks in India with its Headquarters (HQ) 2020
|Name of the Small Financial bank||Headquarters||Key People|
|Au Small Finance Bank Limited(AUBANK)||Jaipur, Rajasthan||Mr. Sanjay Agarwal(CEO & MD)|
|Capital Lab Small Finance Bank||Jalandhar, Punjab||Sarvjit Singh Samra( MD)|
|Equitas Small Finance Bank||Chennai, Tamilnadu||PN Vasudevan(CEO & MD)|
|ESAF Small Finance Bank||Thrissur, Kerala||K. Paul Thomas(CEO & MD), Raveendranathan Prabha(Chairman)|
|FINCARE Small Finance Bank Limited(formed from Disha Microfin Limited)||Bengaluru, Karnataka||Rajeev Yadav(CEO & MD)|
|Janalakshmi Small Finance Bank||Bengaluru, Karnataka||Ramesh Ramanathan(Chairman), Ajay Kanwal (CEO)|
|North East Small Finance Bank(NESFB)-RGVN Micro Finance Ltd.||Guwahati, Assam||DEEP CHANDRA JOSHI( chairman), Rupali Kalita (MD )|
|Suryoday Small Finance Bank||Navi Mumbai||Mr. R Baskar Babu(CEO & MD)|
|Ujjivan Small Finance Bank||Bengaluru, Karnataka||Sunil Patel(chairman), Samit Ghosh (CEO & MD)|
|Utkarsh Small Finance Bank||Varanasi, U.P||Govind Singh(CEO & MD)|
Difference between Small Finance Bank & Payment Banks:
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Small Finance Bank
Features of Small Finance Bank in India:
- NBFC’s, any individual with 10 years of experience in banking can apply for licenses.
- Their targets are small businesses and MSMEs.
- They are not allowed to lend the deposited money to big businesses or industries.
- Minimum paid-up equity capital requirement of Rs 100 crore.
- 75% of its Adjusted Net Bank Credit (ANBC) should be advanced to the priority sector as categorized by RBI.
- They can accept any deposit (savings, current, fixed deposits, recurring deposits) like commercial banks.
- There will not be any restriction in the area of operations of small finance banks. However, at least 50 percent of its loan portfolio should constitute loans and advances of up to Rs 25 lakh.
- A small bank can transform into a full-fledged bank, but only after RBI’s approval.