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The bank meets all the criteria except for one, to have a GNPA under 3 percent and NNPA under 1 percent for two financial years.
As much as small finance banks may be eager to acquire a universal banking licence, they must be wary of the varied terrain that lies ahead
While they have been in work for quite some time, yesterday, RBI released the guidelines for small finance banks to turn themselves into universal banks. While most of the guidelines are not something these banks cannot follow, but one where some of them would face issues but only for short term would be the NPA, as per guidelines, the gross NPA should be less than 3 % and Net NPA should be less than 1 % for the last two years. Now some of them are already meeting this criteria. So, they would like to become a universal bank and move into new areas. The winner would be one, who would be able t...
The bank intending to transit must have their shares listed on a recognized stock exchange.