Sunday, October 4, 2015

Small Finance Bank - RGVN (North East) Microfinance Limited, Guwahati

          RGVN (North East) Microfinance Limited, Guwahati has been granted in-principle approval to set up a Small Finance Bank in India. They have to submit the Application for final approval within 18 months.

          Sphere of Influence: -

Operations: Network of 116 branches in 5 Northeastern States viz. Assam, Arunachal Pradesh, Meghalaya, Nagaland and Sikkim.
a)     Self Help Groups
b)    Joint Liability Groups
c)     Entrepreneurship Development Loan – Individual
d)    Micro Enterprise  Loan – Individual

Mr.Brij Mohan-Chairman in alumni of IDBI
Ms.Rupali Kalita, Managing Director is LDR Regional Rural Bank

One of the unique features of RGVN is ‘No penalty on delayed payment and prepayment’.