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Payment And Small Finance Banks With Its Headquarters

Last Updated : 28 Nov, 2022
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In competitive exams like SSC, Banking, Railways, etc we find many questions from the Banking section, especially from banks and their headquarters. Here we are going to provide comprehensive coverage of this section so that students can learn and get most of the questions correct in this section. In this article, we will discuss briefly some newly established Payment Banks and Small Finance Banks.

(A). Payment Banks :

A Payment bank is a new class of bank conceptualized by the RBI, that operates at a smaller scale than an actual bank and doesn’t involve any credit risk. It will do most of the banking operations, however, it can’t advance loans or issue credit cards. These banks operate digitally (on mobile phones and different devices with the help of the internet) instead of through physical branches.

Payment Banks is another version of the standard banks. Their objective is to reach low-income households & small businesses through mobile phones instead of traditional offices. It’s an initiative by the government to extend monetary services penetration level to remote areas of the country.


1. Maximum deposits are not more than Rs.1 lakh per individual.

2. They do not issue credit cards but they can issue ATMs or debit card

3. They must have 25% of branches in unbanked rural areas

4. They can offer both current accounts and savings accounts.

5. They cannot lend money.

6. The minimum paid up capital shall be Rs. 100 crore

List of Payment Banks:

     Bank Name




Airtel Payments Bank

New Delhi

Banking Is Now At Your Fingertips India’s First Payment Bank

Anubrata Biswas

Fino Payments Bank


Qadar Aapki Mehnat Ki

Rishi Gupta

Jio Payments Bank


Your Everyday Bank For All Of Your Payments, banking and financial needs.

H Srikrishnan 

India Post Payments Bank 

New Delhi

Aapka Bank Aapke Dwar

J Venkatramu

Paytm Payments Bank 


Simplifying Payments For India

Satish Kumar Gupta

NSDL Payments Bank


Technology Trust and Reach

Suresh Sethi

(B). Small Finance Bank: 

Small finance banks are a sort of niche bank common in India. These small finance banks with the approved licenses will give basic banking services cherish acceptance of deposits and loans to those sections of the Indian economy not serviceable by thought nationalized banks. These sections embrace small business units, small and marginal farmers, industries, and unorganized sector entities.


1. These banks can accept deposits and additionally offers loan amount.

2. These banks can offer multiple services like Fixed deposits (FDs), term deposits, Recurring deposits (RDs), and other non-resident Indian deposits.

3. These Banks can offer banking services to small and marginal farmers, cottage industries, and the unorganized sector.

4. These banks have to give at least 50% of its loans should be up to 25 lakh.

5. These  can offer services like distribution of mutual funds, insurance, pension, and so on, but only with prior approval of the RBI.

6. These can transform into a full-fledged bank, but only after RBI’s approval.

7. These banks must open 25% of its branches set up in unbanked areas.

List of Small Finance Banks :


Bank Name




AU Small Finance Bank

Jaipur (Rajasthan)

Mr. Sanjay Agarwal

Chalo Aage Badhe

Capital Small Finance Bank

Jalandhar (Punjab)

Sarvjit Singh Samra

Vishwas se Vikas tak

Equitas Small Finance Bank

Chennai (Tamilnadu)

P.N. Vasudevan

It’s Fun Banking

ESAF Small Finance Bank

Thrissur  (Kerala)

K. Paul Thomas

Joy of Banking

FINCARE Small Finance Bank

Bengaluru (Karnataka)

 Rajeev Yadav

A New Era in Smart Banking Begins

Janalakshmi Small Finance Bank

Bengaluru (Karnataka)

 Ajay Kanwal

 Likho Apni Kahaani

North East Small Finance Bank

Guwahati  (Assam)

Rupali Kalita (MD )

Your Door step Banker

Ujjivan Small Finance Bank

Bengaluru (Karnataka)

Ittira Davis

Build a Better Life.

Utkarsh Small Finance Bank

Varanasi  (U.P)

 Govind Singh

Aapki Umeed Ka Khata

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