Question

Following statements are on small finance banks.identify the wrong statements

• A. SFBs are requiredto open atleast 50% of its branches is unbanked rural centers
• B. objective is to mobilise savings from unserved and underserved sections of the population
• C. small finance banks are required to extend 75% of its Adjusted Net Bank credit to priority sector
• D. it has used to hightechnology and low cost operating model of banking.

Answer 1

Answer:

A. SFBs are requiredto open atleast 50% of its branches is unbanked rural centers

Read Explanation:

objective is to mobilise savings from unserved and underserved sections of the population small finance banks are required to extend 75% of its Adjusted Net Bank credit to priority sector it has used to hightechnology and low cost operating model of banking.

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