Source: Press Information Bureau
RBI’s Second Bi-Monthly Monetary Policy, 2019-20 dated June 6, 2019, has announced RBI’s intention to issue Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks by the end of August 2019
Background
The Reserve Bank of India (RBI) has issued Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, dated August 1, 2016 for granting licenses for universal banks on a continuous basis.
The ‘on-tap’ facility allows the RBI to accept applications and grant licence for banks throughout the year. The policy allows aspirants to apply for universal bank licence any time, subject to fulfilment of set conditions.
List of Small Finance Banks , Payments Banks and New Private sector Banks that received licences
Post 2014, RBI has licensed two New Private Sector Banks (in 2015), ten Small Finance Banks and seven Payments Banks (during 2016 and 2017).
Small Finance Banks
| SL No. | Name of the Bank | Year of License | Registered office |
| 1 | Capital Small Finance Bank Ltd. | 2016 | Jalandhar, Punjab |
| 2 | Equitas Small FinanceBank Ltd | 2016 | Chennai, Tamil Nadu |
| 3 | Suryoday Small Finance Bank Ltd. | 2017 | Navi Mumbai, Maharashtra |
| 4 | Ujjivan Small Finance Bank Ltd. | 2017 | New Delhi, Delhi |
| 5 | ESAF Small Finance Bank Ltd. | 2017 | Thrissur, Kerala |
| 6 | Utkarsh Small Finance Bank Ltd. | 2017 | Varanasi, Uttar Pradesh |
| 7 | AU Small Finance Bank Ltd. | 2017 | Jaipur, Rajasthan |
| 8 | North East Small Finance Bank Ltd. | 2017 | Guwahati, Assam |
| 9 | Jana Small Finance Bank Ltd. | 2018 | Bangalore, Karnataka |
| 10 | Fincare Small Finance Bank Ltd. | 2017 | Ahmedabad, Gujarat |
Payments Banks
| SL NO. | Name of the Bank | Year of License | Registered office |
| 1 | Airtel Payments Bank Ltd. | 2016 | New Delhi, Delhi |
| 2 | Paytm Payments Bank Ltd. | 2017 | New Delhi, Delhi |
| 3 | India Post Payments Bank Ltd. | 2017 | New Delhi, Delhi |
| 4 | Jio Payments Bank Ltd. | 2018 | Mumbai, Maharashtra |
| 5 | FINO Payments Bank Ltd. | 2017 | Navi Mumbai, Maharashtra |
| 6 | NSDL Payments Bank Ltd | 2018 | Mumbai, Maharashtra |
| 7 | Aditya Birla Idea Payments Bank Ltd. | 2018 | Mumbai, Maharashtra |
New PrivateSector Banks
| SL No. | Name of the Bank | Year of license | Registered office |
| 1 | Bandhan Bank Ltd. | 2015 | Kolkata, West Bengal |
| 2 | IDFC Bank Ltd. | 2015 | Chenna, Tamil Nadu |
