"small-finance-banks-sfbs"

An RBI report says a similar growth trajectory is witnessed in card transactions as well. During CY2024, there were 447.23 crore and 173.90 crore payment transactions worth of Rs 20.37 lakh crore and Rs 5.16 lakh crore through credit and debit cards, respectively

The variation among MFIs could be wider, depending on their level of concentration in regions where lifting of restrictions could be slow.

"The licensing policies for universal banks, small finance banks (SFBs) and payments banks are a step in this direction," Shaktikanta Das said.