In graphics: Small finance banks want to make it big
On June 9, Jana Small Finance Bank became the third small finance bank (SFB) in India to have applied for a universal banking licence.
Bigger peers waiting in line include AU SFB and Ujjivan SFB.
A universal banking licence will give SFBs greater operational fl exibility and help them tap diverse markets, while enhancing the growth potential.
Sachin Kumar of ET Intelligence Group reports:
