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Prelims and Mains, All at one place

Small Finance Banks

< 1 min read

Definition: Niche banks created to provide banking services to underserved sections like small farmers and MSMEs.

Points for Prelims:

  • 75% of ANBC must go to Priority Sector Lending.
  • Can accept all types of deposits.
  • Promoted by individuals, NBFCs, or MFIs.
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