What is Small Finance Bank in India?

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What is a Small Finance Bank in India –

I am a member of the PriceMint forum. I have been following the discussions in this vibrant community, and I am impressed by the wealth of knowledge and expertise shared by its members.

I recently came across the term “Small Finance Bank” in the context of the Indian banking sector, and I am eager to learn more about it. I believe that the PriceMint Finance Community is a hub of experienced individuals who can provide valuable insights.

Specifically, I am interested in understanding the following aspects:

  1. What distinguishes a Small Finance Bank from other types of banks in India?
  2. What are the key functions and objectives of Small Finance Banks?
  3. How do Small Finance Banks contribute to financial inclusion and support the growth of the Indian economy?
  4. Are there any notable Small Finance Banks that have made a significant impact in the financial sector?

I would greatly appreciate it if members of the PriceMint Finance Community could share their knowledge and experiences on this topic. Any relevant information, articles, or resources would be extremely helpful in enhancing my understanding of Small Finance Banks in India.

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