Small Finance Banks: New Hope for the Unbanked?

Guidelines of RBI for licensing of SFBs states that the objective of setting up of small finance banks will be to further financial inclusion.

IFI Summit 2017 has arranged a plenary session discussing the so-far impact, implications and future prospects on #FinancialInclusion (F / T) by Small Finance Banks in the Indian economy.

SFBs

The objective mentioned above fitted well with the institutions that were granted license, as most of them were MFIs. It also created opportunities for them to be able to do things that were constraints as ‘NBFC-MFIs’ such as mobilizing savings. SFB was a legal form much-awaited and was cheered by the sector with great excitement and hope.

As most SFBs celebrate their first anniversary, it is an opportune time to assess whether these institutions are on course to fulfilling the above objective. It is important to understand if the change in legal form has resulted in any change in the mission, the delivery methodology or change in priorities.

Are SFBs still as committed to their core clientele that they started with or are the business compulsions veering them to other market segments?

This session explores the development in SFBs since their origin. The session will deliberate the direction that SFBs are heading; the challenges they are facing and the opportunities that they are leveraging.

 

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IFI Summit 2017

Inclusive Finance India Summit is a global platform to deliberate on issues related to Financial Inclusion, Financial Education and Financial Stability and to help realize the Financial Inclusion Vision 2020. Recognizing the need and to support this cause, ACCESS has been organizing “The Inclusive Finance Summit” since 2004. This year the Summit is being held on 11th and 12th December, 2016 at Hotel Ashok, New Delhi.

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