Functions of Small finance Banks - General Economics & Indian Economy

Q.  Consider the following statements

1. Small finance Banks will be similar to the existing commercial lenders.
2. They will lend mainly to the unserved and under-served sections.
3. The maximum loan size and investment limit exposure to single and group obligators cannot be more than 10 percent and 15 percent of capital funds, respectively.

Which of the above statements is/are correct?
- Published on 11 Jul 15

a. 1,2
b. 2,3
c. 1,3
d. All

ANSWER: All

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