Difference Between Small Finance Bank and Commercial Bank
Understand the significant differences between a small finance bank and a commercial bank table-wise based on the loan type, target customers, and capital limit.
Small Finance Bank
They offer primary loan facilities such as a vehicle, personal, gold, etc.
They provide all types of loans.
Their target customers are small borrowers, unorganized workers, Ministry of Micro, Small & Medium Enterprises.
Their target customers are not specified to any one category or entity.
Minimum funds should be up to 100 crores.
They have no capital limit and require enormous amounts of money.