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

Related MCQs

• For Small Finance Bank, ____ of its loan portfolio should constitute loans and advances of upto Rs. 25 lakh.
• Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".
• Who launched an 'India Micro-finance Platform', a portal on micro-finance activities across the country, with the assistance of World bank funds on 28th June 2013 ?
• Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".
• Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through
• Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
• Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
• 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.
• To be a promoter in Small Finance Bank, resident individuals/professionals should have ____ years of experience in banking and finance
• Small Finance Banks and Payments Bank are a type of?