đź’¨ Abstract
India's small finance banks (SFBs) have been advised by the Reserve Bank of India (RBI) to strengthen governance for sustainable growth and adopt responsible lending practices, according to a speech by deputy governor J. Swaminathan. The speech emphasized the need for proper succession planning, risk management, and judicious lending, as well as improving IT resilience and grievance redressal mechanisms.
Courtesy: theprint.in
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