Can Credit Societies Run Finance Schemes?

credit society

Credit societies are cooperative financial institutions that provide financial services to their members. They are often formed by people with common interests, such as employees of a particular company or residents of a particular neighborhood. Credit societies typically offer a range of financial products and services, including savings accounts, loans, and insurance. What are Finance … Read more

Are Small Finance Banks Safe for Savings Accounts?

Small finance banks (SFBs) are a relatively new type of bank in India. They were introduced in 2015 to provide financial services to underserved populations, such as small businesses and low-income households. SFBs are regulated by the Reserve Bank of India (RBI), which is the central bank of India. The RBI has strict regulations in … Read more