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The small finance bank shall be registered as a public limited company under the Companies Act, 2013. It will be licensed under Section 22 of the Banking Regulation Act, 1949 and governed by the provisions of the Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; Foreign Exchange Management Act, 1999; Payment and Settlement Systems Act, 2007; Credit Information Companies ...
Suryoday Small Finance Bank; U. Ujjivan Small Finance Bank This page was last edited on 28 November 2024, at 02:05 (UTC). Text is available under the Creative ...
The bank became a public company via an initial public offering (IPO) in October 2020. [14] In 2021, Equitas Small Finance Bank partnered with the neobanking company Niyo to launch a mobile banking platform called NiyoX. [15] On 23 November 2021, the bank announced its partnership with HDFC Bank, for a co-branded credit card. [16]
In June 2022, Credit Wise Capital partnered with Suryoday Small Finance Bank for INR 100 CR. [8] In June 2023, Credit Wise Capital partnered with Muthoot Capital for INR 400 CR. [9] In September 2023, HDFC Bank partnered with Credit Wise Capital for extending two-wheeler loans. [10]
Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bangalore, which commenced operations on 1 February 2017. [ 3 ] [ 4 ] Ujjivan Financial Services holds an 80 percent stake in the bank.
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, 6 PBs, 43 RRBs, and 2 LABs.
In January 2018, Paytm Payments Bank partnered with IndusInd Bank to offer fixed deposits. [26] It entered into a partnership with MasterCard for the issuance of virtual and physical debit cards in April 2020. [27] In January 2021, it tied up with Suryoday Small Finance Bank to offer fixed deposit services to its account holders. [28]
It became ESAF Small Finance Bank after receiving the first banking license in Kerala since independence. [6] [7] [8] On 17 March 2017, Pinarayi Vijayan, the Chief Minister of Kerala officially inaugurated ESAF Small Finance Bank at Thrissur, Kerala. By August 2017, the bank had 3,750 employees, 284 branches, and a presence in 11 states. [4]