Who is eligible to be a promoter of small finance banks?

Related MCQs

• Which of the following statements is/ are correct about small finance bank? 1. Small finance banks can provide Loans and advances of up to Rs 25 lakhs, primarily to micro enterprises. 2. As per the RBI rules, small finance bank have to manage a quarter of their branches in un-banked rural areas
• To be a promoter in Small Finance Bank, resident individuals/professionals should have ____ years of experience in banking and finance
• The promoter’s minimum initial contribution to the paid-up equity capital of small finance bank shall at least be ____ per cent.
• The promoter’s minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be 40 per cent and gradually brought down to ____ per cent within 12 years.
• What is the minimum paid up capital requirement of small finance Banks?
• Which of the following operations are undertaken by small finance banks?
• How much credit small finance banks has to give to priority sectors?
• What can be the minimum initial contribution to the paid –up equity capital of small finance banks?
• Small Finance Banks are registered under which Act?
• Which of the following statement is wrong about Small Finance Banks?