Small finance banks wait for RBI’s signal to seek universal licence

Small finance banks in India, including AU, Equitas, and Ujjivan, are waiting for regulatory approval to upgrade their licenses and become universal banks. Despite already offering a wide range of products, these banks want to shed the "small bank" label to improve their perception among stakeholders and attract more depositors.

from Stocks-Markets-Economic Times https://ift.tt/j9daQ5t
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