Promoting Differentiated Banking

Differential Banking

With differentiated banks such as small finance banks (SFBs) and payments banks (PBs) commencing operations in 2016-17, the Reserve Bank has started exploring the scope of setting up wholesale and long-term finance (WLTF) banks focused primarily on lending to infrastructure sector and small, medium and corporate businesses.

Types of Differential Banking

i. Payment Banks

ii. Small Financial Banks

iii. On Tap Bank License

Payment Banks

On 19 August, 2015, the Reserve Bank of India gave a principle nod to 11 private parties to set up “payment banks. A payment bank is a differentiated bank that will undertake only certain restricted banking ....

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