Payment & Small Finance Bank Race
•Télécharger en tant que PPTX, PDF•
8 j'aime•3,897 vues
It's a current buzz in the banking sectors that the company like Reliance, Airtel , Aditya Birla & many more are going to make their banks soon........
Recommandé
Contenu connexe
Tendances
Tendances (20)
En vedette
En vedette (20)
Similaire à Payment & Small Finance Bank Race
Similaire à Payment & Small Finance Bank Race (20)
Dernier
Dernier (20)
Payment & Small Finance Bank Race
- 2. PRESENTATION OUTLINE INTRODUCTION OF TOPIC POLICIES IN PAYMENT & SMALL FINANCE BANK PROCEDURE FOR LICENSING OF SMALL FINANCE & PAYMENT BANKS MAJOR CONTENDERS RESTRICTIONS/CHALLENGES FOR SMALL FINANCE AND PAYMENTS BANKS CONCLUSION
- 3. INTRODUCTION RBI had piloted the idea of payment and small banks to extend basic banking to millions who didn’t have access to banking and financial services. Encouraging alliances for starting payment banks. Objective of payments banks is to increase financial inclusion by providing small savings accounts, payment/remittance services to migrant labour, low income households, small businesses.
- 5. PROCEDURE FOR LICENSING OF SMALL FINANCE & PAYMENT BANKS An external advisory committee (EAC) comprising eminent professionals will evaluate the applications. The EAC will give suggestions, but the final decision of issuing in- principle approvals will be taken by RBI. The validity of the in-principle approvals will be 18 months
- 7. MAJOR CONTENDERs UAE Exchange ESAF Microfinance Capital Area Local Bank Coastal Local Area Bank
- 8. RIL, India’s largest private sector group, said it had set up a joint venture with State Bank of India (SBI), the country’s largest bank, which would hold up to 30 per cent stake. “The payment bank will leverage SBI’s nationwide distribution network and risk-management capabilities.
- 9. Aditya Birla Nuvo, the largest shareholder in Idea Cellular, plans to own 51 per cent of its proposed payment bank, while Idea will own the rest. Later, Idea could raise its holding to 60 per cent.
- 10. Future Group said the banking entity, to be called NuFuture Payments Bank, would work towards extending RBI’s mandate of financial inclusion by focusing on the group’s core consumer groups that included women, migrant workers, self- employed people, farmers and local entrepreneurs.
- 11. RESTRICTIONS/CHALLENGES FOR SMALL FINANCE AND PAYMENTS BANKS Small finance banks: Will need to ensure 75 per cent of its loans are in priority sectors Will need to focus on small loans; at least 50 per cent of loan portfolio must have advances of up to Rs 25 lakh Annual branch expansion plans need prior approval of RBI for initial five years Will not be allowed to set up subsidiaries to undertake non-banking financial services
- 12. CONT. Payment banks: Such entities will be allowed to hold up to Rs 1 lakh per individual customer initially Will not be allowed to accept deposits from non-resident Indians Will not be permitted to issue credit cards and offer loans Will not be allowed to set up subsidiaries to undertake non-banking financial services