Current Affairs · Banking Sector Regulations
In an update to its banking regulations, the RBI revised the definition of 'bulk deposits' for various banking institutions. While Scheduled Commercial Banks (SCBs) and Small Finance Banks (SFBs) have their limit set at Rs 3 crore and above, what is the new threshold for bulk deposits in Local Area Banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 1 crore and above✓
- 2Rs 5 crore and above
- 3Rs 2 crore and above
- 4Rs 3 crore and above
Correct answer
Rs 1 crore and above
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