No, small finance banks cannot issue credit cards but they are allowed to issue debit cards.You can read about the Types of Banks in India – Category and Functions of Banks in India in the given link.

Further readings:

  1. Granting License for Small Finance Banks by the Reserve Bank of India (RBI)
  2. RBI – Reserve Bank of India [UPSC Indian Economy Notes]

Related Links

Micro Finance – Definition, Features & Significance

Financial Inclusion – National Strategy for Financial Inclusion [UPSC GS-III]

SIDBI – Small Industries Development Bank of India & its Functions

Economics Mains Questions for UPSC GS-3

Topic-Wise GS 3 Questions for UPSC Mains

Types of Non Banking Financial Institutions India – Functions & Objectives

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