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    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?┬а
    A Rs 300 Crore Correct Answer Incorrect Answer
    B Rs 500 Crore Correct Answer Incorrect Answer
    C Rs 100 Crore Correct Answer Incorrect Answer
    D Rs 400 Crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    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.

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