To be a promoter in Small Finance Bank, resident individuals/professionals should have ____ years of experience in banking and finance

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
• 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.
• The promoter’s minimum initial contribution to the paid-up equity capital of small finance bank shall at least be ____ per cent.
• After how many years of successful operation Payment bank can be converted into small finance bank?
• Who is eligible to be a promoter of small finance banks?
• For Small Finance Bank, ____ of its loan portfolio should constitute loans and advances of upto Rs. 25 lakh.
• Small Finance Banks and Payments Bank are a type of?
• What is the FDI Limit in Small Finance Bank?
• Small Finance Bank are licensed under which Act?
• The decision to issue an in-principle approval for setting up of a Small Finance bank will be taken by _____