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Q 103266 nabard mains (Question: 103266.0 )

paid up equity capital was 100 crore for small finance banks and payment ....

Question:
Choose the correct statements –
Options:
A)

Payment banks should have a minimum paid up equity capital of Rs. 500 crore

B)

The door for big business houses to enter into the field of Small Banks have been closed by the RBI

C)

Small banks have to spend 50 % of their credit to PSL

D) Scheduled commercial banks can’t buy equity stake in Payment Banks
E)

Payment banks can’t distribute products like Mutual Fund, insurance products etc.

Solution:
The minimum paid-up equity capital for Small and Payment Banks is Rs. 100 crore. Small Banks have to spend 75% of their credit ratio to PSL. Schedule banks are allowed to buy equity stakes in Payment Banks. Payment banks can also distribute products like Mutual Funds, insurance products etc.

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