Northeast India’s first small bank, North East Small Finance bank starts operation

North East Small Finance bank (NESFB), Northeast India’s first small bank has started its services on 17 June, 2018 in Assam.

Ratan Tata launched the first branch of the bank in Guwahati, Assam.

Tata, through his investment arm RNT Associates, has invested Rs 40 crore in the bank.

Rupali Kalita is the MD & CEO of North East Small Finance bank (NESFB).

Supported by infusion of funds from domestic and overseas investors, North East Small Finance Bank Ltd which has a net worth of Rs 300 Crore.

Reserve Bank of India (RBI) on March 31, 2017 granted the Small Finance Bank License to Rashtriya Gramin Vikas Nidhi (North East) Microfinance Limited.

About North East Small Finance bank

Headquarters – Guwahati, Assam

MD & CEO – Rupali Kalita

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