Why small finance banks want to glide faster into universal banking | #MintPlainFacts
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Why small finance banks want to glide faster into universal banking | #MintPlainFacts

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发布日期: 2024年9月24日
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#MintPlainFacts | Small finance banks face challenges in raising low-cost deposits and diversifying their loan portfolio

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SFBs, as a group, have not impressed stock markets this year. Of the 11 SFBs, eight are listed, and six have underperformed the broader BSE Sensex and the BSE Bankex, which tracks the banking sector.


In the June quarter, total deposits of the eight listed SFBs grew 35% year-on-year


The report also raised concerns about SFBs' ability to attract low-cost deposits, particularly current account and savings account (CASA) deposits


Seven of the eight listed SFBs had gross NPAs of below 3%, as of June 2024


While SFBs have issued 34 million debit cards that can be used at any ATM, owning ATMs contributes to brand visibility, which is crucial for attracting CASA deposits


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