BPSC – Combined Competitive Examination · Question 75
According to the RBI, what is one of the eligibility criteria for a Small Finance Bank (SFB) to transition into a Universal Bank?
Show answer & explanation
Answer: (D) Minimum net worth of ₹1,000 crore
Explanation
Other conditions include listing, a 5-year track record, net profit in the last two years and GNPA ≤ 3%.
- (A) Incorrect
Wrong: the RBI set ₹1,000 crore.
- (B) Incorrect
Wrong: too low.
- (C) Incorrect
Wrong: too high.
- (D) Correct
Correct: the April 2024 RBI criteria require net worth of at least ₹1,000 crore.