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Question

Which statement is not correct about Small Finance Bank (SFB)-

(A) SFB can provide savings vehicles to unbanked and under-banked public

(B) SFB can provide credit to small business units, small and marginal farmers, micro and small industries

(C) Operational areas of SFB will be the state in which their Head Office is located.

(D) SFB can provide remittance facilities to customers 

A Only (C) Correct Answer Incorrect Answer
B Only (A), (B) & (D) Correct Answer Incorrect Answer
C Only (A) & (C) Correct Answer Incorrect Answer
D Only (A) & (D) Correct Answer Incorrect Answer
E Only (A) & (D) Correct Answer Incorrect Answer

Solution

There is no area restriction on SFB they can operate on all India.

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