Question
What is the minimum net worth requirement for an SFB to
transition into a Universal Bank as per the RBI guidelines? Read the following passage and answer the following question (Q15 to Q17). The Reserve Bank of India (RBI) has introduced a structured path for Small Finance Banks (SFBs) to voluntarily transition into Universal Banks, providing these institutions with an opportunity to expand their operations and service offerings. This transition is part of a broader strategy to increase financial inclusion while strengthening the banking infrastructure in India. To be eligible for this transition, SFBs must meet several stringent criteria, including maintaining a satisfactory performance track record for at least five years and fulfilling various financial and regulatory conditions. Key requirements include maintaining a minimum net worth and keeping Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) below specified thresholds. The transition to Universal Bank status brings several advantages, such as the ability to offer a wider range of financial products, including corporate banking services, and increased geographical reach. Overall, the voluntary transition framework is designed to ensure that only well-managed and financially robust SFBs can scale up to become Universal Banks, providing more comprehensive banking services across India.Solution
The minimum net worth required for an SFB to transition into a Universal Bank is ₹1,000 crore as at the end of the previous quarter, as per the RBI guidelines.
How many chocolates does Sanjay possibly have?
Diwakar is elder than Srikant. Suman is elder than Srikant but younger than Diwakar. Dheeraj is younger than both Srikant and Gagan but Gagan is younger...
N is heavier than O. R is lighter than Q. P is heavier than Q but lighter than O. Who among them is heaviest?
Five persons M, N, O, P and Q have different heights. M is taller than Q and P. N is taller than O. M is not taller than N. Who among the following is ...
E, F, G, H and I are five sisters. G is younger than only two persons. F is older than E but younger than G. I is not the oldest. Who is the oldest?
Which of the following option is correct, if the people are arranged in ascending of their weight?
There are six persons P, Q, R, S, T and U have different weights. U is heavier than P, who is heavier than T and Q. S is heavier than Q. R is heavier t...
B is heavier than F but lighter than Y. E is lighter than B but heavier than F. D is heavier than F and Y. Who is the heaviest?
Five persons F, R, G, W, and Y have different heights. F is taller than Y but shorter than W. G is shorter than F. R is the shortest among all. Who amon...
What can be the possible price of laptop G and D?