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How do I get a small finance license?

By IndianMoney , 5 months ago

1. Obtain small finance bank license under Section 8 of the Companies Act, 2013. 2. RBI guidelines on interest rates and processing charges must be strictly followed. 3. The interest rates should not exceed the limit of 26%. The processing charge should not be more than 1 per cent of the Gross Loan Amount.

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