 "Small finance banks, start-up")
Small finance banks (SFBs) and payments banks are yet to take off in a big way. Some of the entities that won licences to start payments banks have surrendered their licences. SFBs were hit hard by demonetisation. In a fireside chat, Jio Payments Bank MD and CEO H Srikrishnan and Jana Small Finance Bank MD and CEO Ajay Kanwal discuss the challenges and opportunities for their new banks
On Jana SFB being hit by demonetisation
Ajay Kanwal: Jana was one of the largest microfinance companies and was doing exceptionally well. Demonetisation really caused a challenge, which ended up being a good crisis.
