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Governor to meet heads of small finance banks on Friday

Press Trust of India  |  New Delhi 

of India (RBI) will meet heads of small on Friday to discuss various issues related to them.

There are 10 small operating in the country.

"Small have an important role in promoting financial inclusion and priority sector lending. Will hold meeting with MD/CEOs of small finance banks tomorrow," he said in a tweet on Thursday.

The small finance banks are entities that provide like accepting deposits and lending to the unbanked sections such as small farmers, micro business enterprises, micro and small industries and unorganised sector entities.

The central had received 72 applications to set up licences.

After scrutiny, the RBI decided to grant in-principle approval to 10 applicants to set up small finance banks.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 20:25 IST