BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the initial capital amount to start Small Finance Banks?
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100 crore
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200 crore
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500 crore
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1000 crore
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Explanation:
Detailed explanation-1: -Initial Capital Requirement for Small Finance Banks is ₹200 Crore.
Detailed explanation-2: -It should have a minimum net worth of INR 5 billion. The bank’s Capital to Risk Weighted Assets Ratio (CRAR) should not be less than 15 percent. The net non-performing assets (NPAs) of the bank should not exceed six percent, during previous four quarters. The bank should have made profit in the preceding two years.
Detailed explanation-3: -The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore.
There is 1 question to complete.