[Solved] Which of the following statement is wrong about Small Finance Banks?

McqMate

Q.	Which of the following statement is wrong about Small Finance Banks?
A.	It can be Business Correspondent (BC) for another bank
B.	Large public sector entities and industrial and business houses cannot open Small Finance Bank
C.	SFBs are encouraged to lend to SHGs
D.	SFBs will be covered by the Banking Ombudsman (BO) Scheme
Answer» A. It can be Business Correspondent (BC) for another bank

826

0

Do you find this helpful?

1

View all MCQs in

Trends and Cases in Finance

Discussion

No comments yet

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
Which of the following operations are undertaken by small finance banks?
To be a promoter in Small Finance Bank, resident individuals/professionals should have ____ years of experience in banking and finance
Small Finance Banks are registered under which Act?
What is the minimum paid up capital requirement of small finance Banks?
How much credit small finance banks has to give to priority sectors?
Who is eligible to be a promoter of small finance banks?
What can be the minimum initial contribution to the paid –up equity capital of small finance banks?
Small Finance Banks and Payments Bank are a type of?
Identify the true statement about Small Finance Bank(SFB).