The merged entity of AU SFB and Fincare will sharpen its focus on gold and microfinance in the coming years. True North will maintain its shareholding in the new entity with a focus on growth.
A few Small Finance Banks (SFBs) are still offering more than 9% interest rates to senior citizens. Here are the seven banks that offer 9% or more to senior citizens on FDs below Rs 2 crore
Shivalik Small Finance Bank (SFB) has revised its fixed deposit interest rates, according to the bank s website. The revised FD interest rates are effective from October 28, 2023.
Organic growth takes time and may increase the operating expenses of small finance banks. In a scramble for deposits and intensive competition in lending, SFBs have to look for inorganic growth.