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@article{176173,
        author = {Mohan Kumar B M and Dr. Gurudath A S},
        title = {EVOLUTION AND FUNCTIONAL FRAMEWORK OF SMALL FINANCE BANKS IN INDIA: A COMPREHENSIVE ANALYSIS},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {11},
        pages = {5062-5068},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=176173},
        abstract = {Small Finance Banks (SFBs) represent a noteworthy advancement in India's banking and financial landscape, with the goal of enhancing financial inclusion and serving the neglected segments of society, such as small enterprises, marginal farmers, and economically disadvantaged households. This paper investigates the development of SFBs in India, tracking their origins from the suggestions of the Nachiket Mor Committee (2014) to the issuance of licenses by the Reserve Bank of India (RBI) in 2015. The study examines the operational framework governing SFBs, concentrating on their regulatory stipulations, operational protocols, range of services, and target clientele. Additionally, the paper underscores how SFBs serve as a link between conventional banking offerings and the financial demands of the unbanked population. By assessing their financial performance, outreach, and societal impact, the study offers perspectives on the role of SFBs in promoting inclusive growth. The paper also discusses the obstacles these banks encounter, including limited geographical coverage, compliance expenses, and competition from other financial entities. In conclusion, it highlights the future prospects of SFBs in reinforcing India’s banking system through inclusive, technology-driven, and sustainable financial solutions.},
        keywords = {Financial Inclusion, Banking Sector Reforms, Functional Framework, SFB Evolution},
        month = {April},
        }