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What is the minimum paid-up equity capital required to operate as a Small Finance Bank in India?
- a)Rs 100 crores
- b)Rs 200 crores
- c)Rs 250 crores
- d)Rs 500 crores
- e)Rs 1000 crores
Correct answer is option 'B'. Can you explain this answer?
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What is the minimum paid-up equity capital required to operate as a Sm...
About Small Finance Bank (SFB):
- Resident individuals/professionals with 10 years of experience in banking and finance will be eligible as promoters to set up SFBs.
- Capital Requirement: The minimum paid-up equity capital for SFB should be Rs 200 crores (US$28 million).
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What is the minimum paid-up equity capital required to operate as a Sm...
About Small Finance Bank (SFB):
- Resident individuals/professionals with 10 years of experience in banking and finance will be eligible as promoters to set up SFBs.
- Capital Requirement: The minimum paid-up equity capital for SFB should be Rs 200 crores (US$28 million).
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What is the minimum paid-up equity capital required to operate as a Small Finance Bank in India?a)Rs 100 croresb)Rs 200 croresc)Rs 250 croresd)Rs 500 crorese)Rs 1000 croresCorrect answer is option 'B'. Can you explain this answer?
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