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VFS Capital applies for small finance bank licence

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ital-applies-for-small-finance-bank-licence.html
  Print publication without navigation Published in Business and Finance on , Last Modified on 2026-04-17 15:08:18 by cnbctv18

The Reserve Bank of India on Wednesday (January 1) disclosed that it has received an application from the Kolkata-based VFS Capital Ltd under the 'on tap' licensing guidelines for small finance banks in the private sector.

VFS Capital, a non-banking finance company (NBFC) focused on rural and semi-urban lending, has applied for a small finance bank (SFB) license under the Reserve Bank of India's (RBI) on-tap licensing guidelines. This move aims to expand its financial services, particularly in underserved regions. The RBI introduced these guidelines to allow more entities to apply for SFB licenses at any time, rather than waiting for specific application windows. VFS Capital's application reflects its strategy to leverage its existing network and expertise in microfinance to offer a broader range of banking services, potentially enhancing financial inclusion in rural India.

Read the Full cnbctv18 Article at:
https://www.cnbctv18.com/business/companies/vfs-capital-applies-for-small-finance-bank-licence-rbi-on-tap-guidelines-19533014.htm