What is the minimum paid-up capital requirements for Small Finance Banks?

100 crore

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200 crore

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50 crore

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150 crore

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Solution

The correct option is B 200 crore
Initial Capital Requirement for Small Finance Banks is ₹200 Crore.

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Similar questions

RBI grants ‘in-principle’ approval to 10 applicants for Small Finance Banks. Consider the following statements regarding Small Finance Banks:

1) Small Finance Banks aim to address financial inclusion.

2) The minimum paid-up capital requirement for these banks would be Rs 100 crore only.

3) At least 50% of the loans should constitute loans and advances of up to Rs 25 lakhs.

Which of the above statements are correct?

Q. Consider the following statements about “Small Finance Banks” in India:

Which of the above given statements are correct?

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