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Discussion

Which of the following is not true about Small Finance Bank?

  • A.Maximum loan size to a single person cannot exceed 10% of total capital funds; cannot exceed 15% in the case of a group.
  • B.At least 50% of its loans should constitute loans and advances of up to 25 lakh.
  • C.Minimum paid-up equity capital requirement of Small Finance Banks is Rs 100 crore.
  • D.They can set up subsidiaries to undertake non-banking financial service activities.

Answer: D

They cannot set up subsidiaries to undertake non-banking financial service activities.

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