BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per RBI guidelines, Ultra Small Branches may be set up between the base branch and BC locations at how much distance?
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3-4 Kms
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20-25 Kms
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30-35 Kms
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18-20 Kms
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Explanation:
Detailed explanation-1: -The bank should have been included in the Second Schedule to RBI Act 1934. It should have a minimum net worth of ₹500 crore. Its CRAR should not be less than 15%. The net NPAs of the bank should not exceed 6%, during previous four quarters.
Detailed explanation-2: -The Reserve Bank of India (RBI) has mandated that the small finance banks have to open at least 25 per cent of their branches in unbanked rural areas within one year of their operations. Unbanked rural areas are the centres having a population less than 9, 999 as per latest census.
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