Fino Becomes First Payments Bank to Convert into Small Finance Bank | RBI In-Principle Approval

Описание: Fino Becomes First Payments Bank to Convert into Small Finance Bank | RBI In-Principle Approval

Fino Payments Bank has created history! In this video, we decode the latest RBI approval that makes Fino the first-ever Payments Bank to transition into a Small Finance Bank (SFB).

What we cover:
✅ The News: Fino gets RBI's "In-principle" approval.
✅ The Criteria: "On-tap" licensing guidelines & 5-year rule.
✅ Big Changes: Lending power, Fixed Deposits (FDs), and removal of the ₹2 Lakh deposit cap.
✅ Exam Angle: Difference between Payments Bank & SFB (Crucial for Interview & Mains).

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