RBI deputy governor Swaminathan J has urged small finance banks to evaluate their reliance on high-cost deposits for long-term stability and warned against imposing high interest rates and fees on borrowers. He emphasized the need for SFBs to promote inclusive growth through innovative technology and improve grievance redressal mechanisms, highlighting some concerning practices within the sector.
RBI cautions small financial banks on FDs
Categories:
Related Post
Horrific murder reported in 2023’s ‘safest city in America,’ shocking details emergeHorrific murder reported in 2023’s ‘safest city in America,’ shocking details emerge
CONTENT WARNING: GRAPHIC DETAILS: A 31-year-old man is charged with murder in the “gruesome” killing of his father that has shocked one of the oldest and otherwise safest towns in
‘If India has to win…’: Clarke names two players with ‘decisive roles’‘If India has to win…’: Clarke names two players with ‘decisive roles’
Former Australian captain Michael Clarke believes Virat Kohli and Rishabh Pant hold the key to India’s success in the upcoming Test series. Clarke highlights Kohli’s exceptional record in Australia and
Shami, the batter, powers Bengal to Syed Mushtaq Ali quartersShami, the batter, powers Bengal to Syed Mushtaq Ali quarters
Mohammed Shami’s all-round brilliance led Bengal to a thrilling three-run victory over Chandigarh in the Syed Mushtaq Ali Trophy. His unbeaten 32 off 17 balls rescued Bengal’s innings, while his