Start learning 50% faster. Sign in now
The Reserve Bank has raised the minimum capital requirement for small finance banks to Rs 200 crore and permitted Payments Bank to upgrade as SFBs. Issuing the revised guidelines, the Reserve Bank said that for Primary (Urban) Co-operative Banks (UCBs) desirous of voluntarily transiting into SFBs, the initial requirement of net worth would be at Rs 100 crore, which will have to be increased to Rs 200 crore within five years from the date of commencement of business. Payments Banks can apply for conversion into SFB after five years of operations if they are otherwise eligible as per the guidelines. As per the norms, SFBs are subject to most of the prudential norms that scheduled commercial banks have to adhere to. For instance, they need to maintain a cash reserve ratio (CRR), or portion of deposits to be set aside with the central bank, and statutory liquidity ratio (SLR), or the portion of deposits to be invested in government securities, as stipulated for commercial banks. About 75 per cent of the credit advanced by small finance banks will need to go to sectors that are considered part of the so-called priority sector, including agriculture, small enterprises and low-income earners. Commercial banks have to mandatorily lend 40 per cent of their net bank credit to such sectors.
The average age of 26 children and their teacher's age are 22 years. If the teacher's age is excluded, the average reduces by 1. What is the teacher's age?
Sum of the present ages of A, B, C and D is 40 years. After 3 years ratio of their ages is 5:3:2:3. What is C’s present age?
A man invested a sum of Rs. 25,000. He invested some part at 5% p.a. and remaining at 5.5% p.a.
How much money did he invest at 5% p.a.?
Six years ago, the age ratio of A to B was 5:6. In nine years, their age ratio will become 8:9. Determine the difference between their current ages.
The heights (in cm) of 9 basketball players in a tournament are as follows: 178, 182, 175, 180, 184, 179, 177, 181, 183