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The Times of India

Business

PTI

SBI economists suggest reforms to incentivise regional rural banks

SBI Soumya Kanti Ghosh Mumbai

MUMBAI: House economists at the State Bank of India (SBI) have called for a slew of reforms to incentivise regional rural banks, including granting them on-tap licence for conversion into Small Finance Banks (SFBs).

In September 2018, the Reserve Bank of India (RBI) allowed urban cooperatives and microfinance lenders to convert themselves into SFBs.

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