Question:
Following statements are on small finance banks.identify the wrong statements
ASFBs are requiredto open atleast 50% of its branches is unbanked rural centers
Bobjective is to mobilise savings from unserved and underserved sections of the population
Csmall finance banks are required to extend 75% of its Adjusted Net Bank credit to priority sector
Dit has used to hightechnology and low cost operating model of banking.
Answer:
A. SFBs are requiredto open atleast 50% of its branches is unbanked rural centers
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.