RBI Deputy Governors with MD & CEOs of Small Finance Banks

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Shri M. K. Jain and Shri M. Rajeshwar Rao, Deputy Governors, Reserve Bank of India

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held discussion with Managing Directors (MDs) and Chief Executive Officers (CEOs) of small finance banks (SFBs)

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Executive Directors of Supervision and Regulation and other senior officials of the Reserve Bank also attended the meeting.

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Earlier in the meeting with heads of SFBs held on Aug 27, 2021, evolution of their business model and the need for enhancing Board oversight and professionalism

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, improving assurance functions and augmenting IT infrastructure, taking into account the stress build-up due to COVID-19 along with requisite mitigation measures, were discussed.

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In the meeting held today, the emphasis on according due importance to these themes for sustainable growth of SFBs,

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particularly their business model and governance, was reiterated after taking stock of the developments in the sector.

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SFBs were advised to continue to evolve in tune with the differentiated banking license given to them with proportionate growth in their capital base. Among other matters

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