2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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40, 000 Cr
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35, 000 Cr
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40, 000 Lakh
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4, 00, 000 Lakh
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Detailed explanation-1: -The minimum net worth of such small finance banks shall be Rs. 100 crore from the date of commencement of business.
Detailed explanation-2: -Repo rate is the rate by which the central bank gives loans to the commercial banks. Thus, banks borrow money from Reserve Bank Of India by Repo rate. Repo rate is also used as a monetary method to control inflation. It is increased by the central bank during inflation.
Detailed explanation-3: -The Basel III norms stipulated a capital to risk weighted assets of 8%. However, as per RBI norms, Indian scheduled commercial banks are required to maintain a CAR of 9% while Indian public sector banks are emphasized to maintain a CAR of 12%.
Detailed explanation-4: -India Capital Adequacy Ratio was measured at 16.0 % in Jun 2022, compared with the previous update of 15.3 % in Mar 2022 See the table below for more data.