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Which of the following statements about RRBs is incorrect?

AThey can be listed on stock exchanges with RBI approval

BThey follow Basel III norms fully

CThey are eligible for DICGC insurance

DThey are scheduled banks under RBI

Answer:

B. They follow Basel III norms fully

Read Explanation:

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Hilton Young Commission is also known as ---.

Which of the following pairs is correctly matched with respect to capital or paid up capital requirements? Institution Minimum Paid-Up / Initial Capital Requirement

  1. Local Area Bank ₹5 crore

  2. Small Finance Bank ₹300 crore (revised)

  3. Payment Bank ₹100-200 crore

  4. All of the above

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