Banking service chronicle magazine February issue

Banking service chronicle magazine February issue The growth of small finance banks (SFBs) in fiscal 2018 has slowed down due to the process of transition from their erstwhile avatar as NBFCs. Banking service chronicle magazine February issue According to a report by ICRA, SFI3s reported a 17 per cent growth in their assets under management (AUM) at 251.498 cr as on Mar 31, 2018. However, in FY2017, when SFBs were operating as micro finance institutions, Banking service chronicle magazine February issue  their AUM had grown by 26 per cent. SFBs started their operations as banking institutions in Jun 2018 and managed to transition well from MFIs. despite challenges such as raising of capital. Banking service chronicle magazine February issue  diversification of liability profile. identifying and converting branches, diversifying the product portfolio, and recruiting staff. SFBs are establishing their presence in retail asset classes, Banking service chronicle magazine February issue such as vehicle loans, loan against property (LAP) and housing finance.