The Reserve Bank of India today released on its website, clarifications to the queries on the Guidelines for Licensing of Small Finance Banks and Payments Banks in the Private Sector.

The Reserve Bank released the Guidelines for licensing “Small Finance Banks” and “Payments Banks” in the Private Sector on its website on November 27, 2014. Following the issue of the guidelines, the Reserve Bank issued a press release on December 8, 2014 inviting queries from intending applicants seeking clarifications on the guidelines and also stated that considering that the clarifications provided would be of wider interest and use for all intending applicants, the Reserve Bank would post the clarifications on its website.

The Reserve Bank has received 176 and 144 queries from individuals/organisations relating to Small Finance Banks and Payment Banks, respectively, up to the end of December 15, 2014. The clarifications to all the queries have been provided on the RBI website. A few queries have been clubbed with other related queries for the sake of clarity and continuity.

Sangeeta Das
Director

Press Release : 2014-2015/1386