The Role of Small Finance Banks in Financial...

The Role of Small Finance Banks in Financial Inclusion

Author Name : Sattar Badekhannavar

INTRODUCTION Small Finance Bank is a specialized segment of banking created by the Reserve Bank of India (RBI) with an aim to strengthen the Indian economy. Such banks intend to execute the concept of financial inclusion by mainly undertaking the basic banking activities to under-served and underprivileged sections of the country. Subsequently, the SFBs cater to the sections like small business units, micro and small enterprises, small and marginal farmers, and the unorganized sector. These banks also undertake the basic banking activities such as lending and accepting deposits just like other commercial banks.