Small Banks in India Face Big Challenges amid Growing Competition and Regulatory Hurdles
India’s banking sector is undergoing a major transformation as new players enter the market and challenge the dominance of the traditional banks. Among them are the small finance banks (SFBs), which are niche institutions that cater to the financial needs of the underserved segments of the society, such as farmers, low-income households, small businesses and unorganised sectors. However, these SFBs are facing a prickly problem of survival and growth amid…