Weak economic outlook to give small finance banks more time to get listed

Five small finance banks, including Equitas SFB, are due for listing by 2021

Amid weak economic outlook and grim equity market conditions, small finance banks (SFBs) that are mandated to get listed in the next 12-18 months may get some leeway from the Reserve Bank of India (RBI).
 

“The relaxation could be on a case-to-case basis given the unprecedented business disruption due to the lockdown after the coronavirus epidemic,” said a senior official aware of the development. However, the dispensation may be availed of only by SFBs due for listing in the next five quarters.
 

“This dispensation may only be a one-time leeway as listing requirements according to licensing norms are unlikely to