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RBI Grants Approval for First Conversion from Urban Cooperative Bank to Small Finance Bank - (07 Jan 2020)

BANKING

Reserve Bank of India has granted ‘in-principle’ approval to Saharanpur-based, Shivalik Mercantile Cooperative Bank to convert from an Urban Cooperative Bank into a Small Finance Bank making it the first such lender to have opted for the transition.

Tags : RBI   SMALL FINANCE BANK  

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