Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following statements are correct about Small Finance Banks:

1. Have priority sector lending target of 50% of Adjusted Net Bank Credit
2. Take small deposits and disburse loans.

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. Neither 1 nor 2

Answer 1

The correct option is B 2 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> SFBs must extend 75% of its Adjusted Net Bank Credit(ANBC) ​
to sectors eligible for classification as priority sector lending by RBI.​