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North East Small Finance Bank Starts Operations
October 24, 2017
The North East Small Finance Bank Limited has started its business operations from October 17, the Reserve Bank of India(RBI) said.
RBI had issued banking licence to the lender under the Banking Regulation Act, 1949 in September 2015 to offer services as a small finance bank in the country.
There were 9 other applicants as well that received in-principal approval from the central bank at the same time including Suryoday Small Finance Bank, Capital Small Finance Bank, Utkarsh Small Finance Bank, etc.
