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North East Small Finance Bank starts ops

North East Small Finance Bank Ltd. started operations as a small finance bank on Oct. 17, after receiving a license from the central bank.

RGVN (North East) Microfinance Ltd., which launched the bank, was one of the 10 companies to receive in-principle approval from the Reserve Bank of India in 2015 to set up a small finance bank, the central bank said Oct. 17.