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BPSC Prelims 2024 General 📅 13 Dec, 2024

According to the Reserve Bank of India, what is one of the eligibility criteria for a Small Finance Bank (SFB) to transition into a Universal Bank?

A
Minimum net worth of ₹ 500 crore
B
Minimum net worth of ₹ 1,500 crore
C
Minimum net worth of ₹ 1,000 crore
D
Minimum net worth of ₹ 2,000 crore
Result Summary
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APEDIA

BPSC Prelims
2024 • 13 Dec, 2024 • General
According to the Reserve Bank of India, what is one of the eligibility criteria for a Small Finance Bank (SFB) to transition into a Universal Bank?
Correct Answer
Minimum net worth of ₹ 1,000 crore
RBI guidelines state that an SFB aiming to become a Universal Bank must have a minimum net worth of ₹1,000 crore....
Ref/Book : Banking Awareness
Ref. Subject Economy
Chapter Regulations
Ref. Topic Banking
Pg. No -
💡 Analysis & Explanation
Introduction ▼
RBI guidelines state that an SFB aiming to become a Universal Bank must have a minimum net worth of ₹1,000 crore.
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