BFSI Insight Summit: Small bank model has proven a success, say panelists

This was the conclusion on the fourth day of the Business Standard BFSI Insight Summit where the country's top SFB chiefs brainstormed the future of small finance banks

Small finance banks (SFBs) have emerg­ed stronger after weathering the demonetisation and Covid-19 crises, proving that the model is a successful one.

This was the conclusion on the fourth day of the Business Standard BFSI Insight Summit, where the chiefs of the country’s top SFB brainstormed about the future of these entities, along with the lessons learnt from the Covid crisis. The topic of the discussion was “SFBs: Can they make it big?”

“Can India afford SFBs not becoming big?” asked Alok Misra, chief executive officer and director of Microfinance Institutions Network (MFIN).

If India has to grow to a