Can we open a bank to provide microfinance services - Commerce Ka Ladka -commerce in easy language

Can we open a bank to provide microfinance services

Yes, it is possible to open a bank specifically to provide microfinance services. However, establishing a bank, including a microfinance bank, involves meeting stringent regulatory requirements, substantial financial resources, and expertise in banking operations. The process may vary depending on the jurisdiction in which you plan to operate.

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