Will the small finance banks make a big difference?The Reserve Bank of India has recently granted license to many small finance banks, to function as regular banks. They have already started operations and the likes of Fincare have the most advanced Information Technology to attract all sorts of customers. Its net banking services is too good.
Can such banks make a big difference? Am told they lend to a huge number of self help groups and so on. Should this continue to be their focus or should be get into the big banking services as well?Am told there are no clear directions in this regard.
What is your opinion on this?