Question

What is the revised bulk deposit limit for scheduled commercial and small finance banks, as per the recent change?

A Rs 50 lakh and above Correct Answer Incorrect Answer
B Rs 1 crore and above Correct Answer Incorrect Answer
C Rs 2 crore and above Correct Answer Incorrect Answer
D Rs 5 crore and above Correct Answer Incorrect Answer
E Rs 7 crore and above Correct Answer Incorrect Answer

Solution

The bulk deposit limit for scheduled commercial and small finance banks is Rs 2 crore and above. For RRBs, the limit has been increased from Rs 15 lakh to Rs 1 crore. The move is expected to provide a more level playing field for banks. 

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