Mumbai: The Reserve Financial institution of India (RBI) on Friday suggested small finance banks (SFBs) to proceed to evolve in tune with the differentiated banking licence given. In a gathering held with the heads of SFBs, RBI emphasised on the sustainable progress of those banks, significantly their enterprise mannequin and governance.
Asset high quality considerations, together with viable portfolio combine and additional strengthening of customer support and grievance redressal framework, had been among the different matters mentioned within the assembly.
The assembly was attended by RBI deputy governors M.Okay. Jain and M. Rajeshwar Rao, together with government administrators of supervision and regulation and different senior officers.
Earlier, in 2021, RBI had met with SFBs to debate points arising because of Covid-19 together with requisite mitigation measures, enhancing assurance capabilities, augmenting IT infrastructure and wish for enhancing board oversight
Supply: Live Mint