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fincare small finance bank

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    SFBs can become Universal Banks: RBI Circular

    The Reserve Bank of India (RBI) on Friday came out with guidelines for the voluntary conversion of small finance banks (SFBs) into universal banks. “Such conversion shall be subject to the SFB’s fulfilling minimum paid-up capital/net worth requirement as applicable to universal banks...
    • Pradumya
    • Thread
    • au bank conversion equitas fincare small finance bank jana small finance bank rbi circular sfb universal bank
    • Replies: 3
    • Forum: Finance World News
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    Fincare Small Finance Bank to merge with AU Small Finance Bank

    Fincare Small Finance Bank (Fincare SFB) is set to merge with AU Small Finance Bank (AU SFB) from February 1, 2024. The merger is subject to all necessary approvals. In a regulatory filing released late in the evening, AU SFB announced its approval of the amalgamation. As per the terms of the...
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