Answer-What is incorrect about Small Finance Bank (SFB)?

SFB and Payment Banks were proposed by the Nachiket More committee, which was constituted by RBI after Dr Raghuram Rajan was appointed as the Governor RBI.

Question

What is incorrect about Small Finance Bank (SFB)?

A The paid-up equity capital requirement to start a SFB is Rs.100 Cr.

B SFBs are new category of banks, the idea of which was floated by Raghuram Rajan Committee

C The objectives of setting up of SFBs is furthering Financial Inclusion

D SFBs will be subjected to all prudential norms like maintenance of CRR and SLR

E 50% of loans of SFBs should constitute loans and advances of up to 25 lakh

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RBI Grade B

What is incorrect about Small Finance Bank (SFB)?

Solution

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