BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 10 crore
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Rs 500 crore
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Rs 100 crore
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Rs 200 crore
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Detailed explanation-1: -Initial Capital Requirement for Small Finance Banks is ₹200 Crore.
Detailed explanation-2: -200 Cr. The minimum capital for Small Finance is prescribed at Rs. 200 crore .
Detailed explanation-3: -The small finance bank will be required to use the words “Small Finance Bank” in its name in order to differentiate it from other banks. The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore.
Detailed explanation-4: -Small Finance Banks It is licensed under section 22 of the Banking Regulation Act, 1949. The minimum paid-up capital required to set up a small finance bank is Rs. 200 crore and it will be required to maintain a capital adequacy ratio of 15 percent of its risk-weighted assets.