Question
As per the recommendation of Internal Working Group
headed by PK Mohanty, how much should be the minimum paid up capital of a Small Finance Bank?ÂSolution
The P.K. Mohanty headed Internal Working Group committee had recommended that the minimum initial capital requirement to set up a new universal bank may be increased to Rs 1000 crore earlier Rs 500 crore while that of small finance bank (SFB) may also be raised to Rs 300 crore from earlier Rs 200 crore.
Refer the below details and answer question 23:
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