Tag Archives: jalandhar

RBI Nod to 10 Microfinance Players to Widen Banking in Rural Areas

The Reserve Bank of India (RBI) has granted its in-principle permission for 10 out of 72 applicants to foray into the rural and untrapped segments of households with set conditions, which they were asked to fulfil before finally allowing them to open banks. Based on Bandhan Microfinance that romped into full-fledged Bandhan bank this year, the country’s central bank is ...

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