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.
Products:
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’.
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