They will have to conform to stringent ‘fit and proper’ criteria. There can be strategic partnership with other banks. The promoters can retain 100% ownership. Responsibilities and permissible activities 25. The Small Finance Banks will be small sized universal banks.
One of the most striking features we see from an Irish perspective is female labour force participation, which now stands at its highest level on record. More younger people are also entering the workforce. The labour force increased by 7.9 per cent annually (to Q3 2021), much stronger than we anticipated, and the labour force participation rate is higher than before the pandemic.