RBI cautions small financial banks on FDs
RBI deputy governor Swaminathan J has urged small finance banks to evaluate their reliance on high-cost deposits for long-term stability and warned against imposing high interest rates and fees on borrowers. He emphasized the need for SFBs to promote inclusive growth through innovative technology and improve grievance redressal mechanisms, highlighting some concerning practices within the sector.
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RBI deputy governor Swaminathan J has urged small finance banks to evaluate their reliance on high-cost deposits for long-term stability and warned against imposing high interest rates and fees on borrowers. He emphasized the need for SFBs to promote inclusive growth through innovative technology and improve grievance redressal mechanisms, highlighting some concerning practices within the sector. 
