70th B.P.S.C. Pre-2024
According to the Reserve Bank of India, what is one of the eligibility criteria for a Small Finance Bank (SFB) to transition into a Universal Bank ?
aMinimum net worth of ₹1,500 crore
bMinimum net worth of ₹500 crore
cMinimum net worth of ₹2,000 crore
dMinimum net worth of ₹1,000 crore✓ Correct
Explanation
According to the Reserve Bank of India, with the objective of providing greater clarity, the eligibility criteria for SFBs to transition into a Universal Bank are as follows—
economic-social-development