Economics · Banking System in India
Evaluate the following statements regarding Differentiated Banking Licenses and the operational rules for Small Finance Banks (SFBs) in India: Statement A: An NBFC can apply for conversion into a Small Finance Bank only after it has completed a minimum of five years of successful operation. Statement B: Small Finance Banks are required to have at least 25 percent of their total banking outlets in unbanked rural centers. Statement C: The maximum exposure to a single obligor by an SFB is restricted to 10 percent of its capital funds. Which of the statements given above are correct according to the current RBI guidelines?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All Statements A, B, and C
- 2Only Statements B and C
- 3Only Statements A and B✓
- 4Only Statement B
Correct answer
Only Statements A and B
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