Current Affairs · Banking & Financial Sector Updates
Consider the following statements regarding RBI's approval to Fino Payments Bank for conversion into a Small Finance Bank: 1. The approval granted was final banking licence approval without further compliance conditions. 2. Existing Payments Banks can convert into SFBs if they are controlled by residents and have completed at least five years of operations. 3. The conversion is governed under RBI's 'on-tap' licensing framework for Small Finance Banks. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11 and 3 only
- 22 and 3 only✓
- 31 and 2 only
- 41 only
Correct answer
2 and 3 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking & Financial Sector Updates MCQs →Want more practice questions on Banking & Financial Sector Updates?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking & Financial Sector Updates