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  9. Q78

NABARD Grade A (Assistant Manager) 2021 · Question 78 of 113

Which of the following financial institution satisfies the following condition? (1) provide financial services to the unserved and unbanked rural area (2) Min net capital should be raised to 200 Cr within 5 years (3) At least 50% of its loan portfolio should constitute loans and advances of up to Rs. 25 lakh.

Financial Institutions - Small Finance Banks

  1. ARegional Rural Banks
  2. BSmall Finance BanksCorrect
  3. CPayment Banks
  4. DCooperative Banks
  5. EForeign Banks

Answer: B. Small Finance Banks

Explanation

Small Finance Banks

Source: NABARD Grade A Assistant Manager Prelims Previous Year Paper 2021 (BankersAdda) · memory-based

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