Q639
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 lakhs
C.
Minimum paid-up equity capital requirement of Small Finance Banks is Rs. 100 crores
D.
They can set up subsidiaries to undertake non-banking financial service activities
AnswerAnswer: Option D
Solution
Answer: Option D
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