Small Finance Bank licence holders start hunt for investors

With RBI granting in-principle approval to 10 entities to operate as Small Finance Banks, many of the successful bidders today said they will start the process of roping in investors.

RBI grants in-principle nod to 10 entities for small banks

RBI grants in-principle nod to 10 entities for small banks

The "in-principle" approval will be valid for 18 months to enable these entities comply with the guidelines on Small Finance Banks, RBI said in a statement.

ICRA upgrades ratings of three MFIs

Rating agency ICRA has upgraded ratings of three microfinance institutions, Grameen Financial Services, Ujjivan Financial Services and Utkarsh Microfinance.