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Early implementation of RBI panel proposals will give us time to list: SFBs

The steps mooted by the RBI's internal working group headed by P K Mohanty may not impact regulations concerning SFBs in the short term

NEW STRATEGY The RBI as a regulator must create a separate division to regulate SFBs. Its inspection team needs to be trained separately as SFBs are a different kettle of fish
A chief executive of SFB said some of the small banks have sought RBI’s permission to defer the IPO by six months because the business was hit by the pandemic

Early implementation of the Reserve Bank of India panel’s recommendation on small finance banks (SFBs) will give more time to list shares on exchanges. It will also provide breather to get business hit by the Covid-19 pandemic back on track, SFBs executives said.   The steps mooted by the RBI’s internal working group headed by P K Mohanty may not impact regulations concerning SFBs in the short term. Banks have to assume current guidelines are operational and work according to them. It is not clear how quickly these recommendations will be implemented. The time lines ...