Similarities & differences between Small finance banks & Payment banks

Q.  Which of the following statements is/are correct?

1. The minimum capital requirement would be Rs 100 crore for payment bank as well as for small finance banks.
2. No credit lending is allowed for small finance banks while payment banks can provide loans and advances of up to Rs 25 lakhs, primarily to micro enterprises.
- Published on 30 Sep 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 2
 
No credit lending is allowed for payment banks while small finance banks can provide Loans and advances of up to Rs 25 lakhs, primarily to micro enterprises.

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    Discussion

  • rahul   -Posted on 03 Dec 15
    both are correct

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