Economics · Economy
In the context of the niche banking framework in India, consider the following statements: Assertion (A): Small Finance Banks (SFBs) are mandated to ensure that at least 50% of their total loan portfolio consists of loans and advances with a value not exceeding ₹25 lakh. Reason (R): These institutions were specifically established by the Reserve Bank of India to further financial inclusion by targeting unserved and underserved segments, including small business units, marginal farmers, and micro and small industries.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is false but (R) is true.
- 2(A) is true but (R) is false.
- 3Both (A) and (R) are true but (R) is NOT the correct explanation of (A).
- 4Both (A) and (R) are true and (R) is the correct explanation of (A).✓
Correct answer
Both (A) and (R) are true and (R) is the correct explanation of (A).
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