Which of the following statements are correct about Small Finance Banks:

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is B 2 only
SFBs must extend 75% of its Adjusted Net Bank Credit(ANBC) to sectors eligible for classification as priority sector lending by RBI.

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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?

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