The Management of Shivalik Small Finance Bank is pleased to inform you that the Reserve Bank of India has granted a banking license on January 1, 2021 to Shivalik Small Finance Bank pursuant to the in-principle approval granted to Shivalik Small Finance Bank for transitioning to a Small Finance Bank, on January 6, 2020 in accordance with the RBI’s circular dated September 27, 2018 on the “Voluntary Transition of Primary (Urban) Co-operative Banks (UCBs) into Small Finance Banks (SFBs).
Shivalik Small Finance Bank commenced business on 26 April 2021 post the completion of the transition of Shivalik Small Finance Bank.