2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Equitas Small Finance Bank
|
|
|
Ujjivan Small Finance Bank
|
|
|
L & T Finance Limited
|
|
|
Birla Global Finance Limited
|
Detailed explanation-1: -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. It should have made profit in the preceding two years.
Detailed explanation-2: -In terms of these provisions, banks without the prior approval of the RBI, cannot open a new place of business in India or abroad or change otherwise than within the same city, town or village, the location of the existing place of business. Foreign banks are allowed to operate in India through branches only.
Detailed explanation-3: -The small finance banks will come under the purview of RBI’s Banking Ombudsman Scheme, 2006, as amended from time to time. The compliance of terms and conditions laid down by RBI is an essential condition of grant of license.
Detailed explanation-4: -Disha Microfin Private Limited received the final license from RBI. Au Small Finance Bank Ltd. Fincare Small Finance Bank Ltd. ESAF Small Finance Bank Ltd.