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    Small Banks Quiz

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    debabrata_nag
    The Reserve Bank of India granted in-principle approval to 10 applicants to set up Small Finance Banks. This approval is valid for 18 months, allowing the applicants time to comply with RBI requirements and conditions. The RBI issued these licenses under Section 22 of the Banking Regulation Act of 1949. Small Finance Banks must be registered as public limited companies under the Companies Act of 2013. They must maintain a promoter contribution of at least 40% of shares for the first 5 years.

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    Small Banks Quiz

    Uploaded by

    debabrata_nag
    203 views7 pages
    The Reserve Bank of India granted in-principle approval to 10 applicants to set up Small Finance Banks. This approval is valid for 18 months, allowing the applicants time to comply with RBI requirements and conditions. The RBI issued these licenses under Section 22 of the Banking Regulation Act of 1949. Small Finance Banks must be registered as public limited companies under the Companies Act of 2013. They must maintain a promoter contribution of at least 40% of shares for the first 5 years.

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    The Reserve Bank of India granted in-principle approval to 10 applicants to set up Small Finance Banks. This approval is valid for 18 months, allowing the applicants time to comply with RBI requirements and conditions. The RBI issued these licenses under Section 22 of the Banking Regulation Act of 1949. Small Finance Banks must be registered as public limited companies under the Companies Act of 2013. They must maintain a promoter contribution of at least 40% of shares for the first 5 years.

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    Download as docx, pdf, or txt
    203 views7 pages

    Small Banks Quiz

    Uploaded by

    debabrata_nag
    The Reserve Bank of India granted in-principle approval to 10 applicants to set up Small Finance Banks. This approval is valid for 18 months, allowing the applicants time to comply with RBI requirements and conditions. The RBI issued these licenses under Section 22 of the Banking Regulation Act of 1949. Small Finance Banks must be registered as public limited companies under the Companies Act of 2013. They must maintain a promoter contribution of at least 40% of shares for the first 5 years.

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    Small Banks

    Question 1.
    The Reserve Bank of India had granted 'in-principle' approval to
    how many applicants to set up Small Finance Banks.
    Answer: 10

    Question 2.
    What is the validity of the in-principle approval granted to enable
    the applicants to comply with the requirements and fulfil other
    conditions as stipulated by the RBI?
    Answer: 18 months

    Question 3.
    Under what act the RBI issued a license to open the small finance
    bank?
    Answer: Banking Regulation Act, 1949

    Question 4.
    The RBI issued license under what section of the Banking
    Regulation Act, 1949?
    Answer: Section 22

    Question 5.
    Which committee is associated with small banks?
    Answer: Dr Nachiket Mor

    Question 6.
    How many years of experience an individual should have in
    banking and finance, companies and Societies to become eligible as
    promoters to set up small banks.
    Answer: 10 years
    Question 7.
    How many years of professional experience a promoter/promoter
    groups should have in order to be eligible to promote small finance
    banks.
    Answer: 5 years

    Question 8.
    Small Finance Bank should be registered as a public limited
    company under which act?
    Answer: The Companies Act, 2013

    Question 9.
    What should be the promoters contribution in Small finance
    banks?
    Answer: At least 40 %

    Question 10.
    Promoters contribution of 40% should be for how much time?
    Answer: 5 years. The shareholding should be brought down to 40 % by the
    end of the 5th year, to 30 percent by the end of 10th year and to 26 percent in
    12 years.

    Question 11.
    The maximum loan size to single/group borrowers/issuers would
    be restricted to what percent of total capital funds?
    Answer: 15%

    Question 12.
    Loans and advances (up to Rs 25 lakhs), primarily to micro
    enterprises, should constitute at least what percent of the loan
    portfolio?
    Answer: 50%
    Question 13.
    For the first three years, what percent of branches of small finance
    banks should be in unbanked rural areas?
    Answer: 25%

    Question 14.
    Initially, for how many years prior approval is required in case of
    branch expansion?
    Answer: 3 years

    Question 15.
    The small finance banks are required to extend what percent of
    their Adjusted Net Bank Credit (ANBC) to the sectors eligible for
    classification as priority sector lending (PSL) by the Reserve Bank?
    Answer: 75%

    Question 16.
    Which is Indias first small bank?
    Answer: Capital Small Finance Bank

    Question 17.
    Maximum loan size to an individual cannot exceed what percent of
    total capital funds?
    Answer: 10%

    Question 18.
    Maximum loan size in case of a group cannot exceed what percent
    of total capital funds?
    Answer: 15%

    Payment Banks vs Small Finance Banks


    Important Points:

    Name of the Bank Head Office Tagline MD & CEO


    Capital Small Finance Vishwas se Vikas Sarvjit Singh
    Jalandhar, Punjab
    Bank Tak Samra
    Equitas Small Finance
    Chennai Its fun banking PN Vasudevan
    Bank
    Utkarsh Small Finance Aapki Umeed Ka
    Varanasi, UP Govind Singh
    Bank khata
    Suryoday Small Finance Belapur, Navi Baskar Babu
    A bank of smiles
    Bank Mumbai Ramachandran
    Ujjivan Small Finance Bengaluru, Bharosa Aap Ke
    Samit Ghosh
    Bank Karnataka Bharose Par
    ESAF Small Finance
    Thrissur, Kerala Joy of Banking K Paul Thomas
    Bank
    Chalo Aage
    Au Small Finance Bank Jaipur, Rajasthan Sanjay Agarwal
    Badhe
    Fincare Small Finance Bengaluru,
    Banking on More Rajeev Yadav
    Bank Karnataka
    North East Small Your Door Step
    Guwahati, Assam Rupali Kalita
    Finance Bank Banker
    Janlaxmi Small Finance
    Bengaluru
    Bank

    Payment Banks

    Question 1.
    Which bank cannot lend money to the bank?
    Answer: Payment Bank

    Question 2.
    Which bank cannot accept fixed deposits (FDs), term deposits,
    recurring deposits (RDs) and any non-resident Indian deposits?
    Answer: Payment Banks

    Question 3.
    Payments banks can accept deposits up to what amount per
    individual?
    Answer: 1 Lakh

    Question 4.
    Credit cards cannot be issued by which banks?
    Answer: Payment Banks (They can issue debit cards but not credit cards)

    Question 5.
    Which committee is associated with payment banks?
    Answer: Nachiket Mor

    Question 6.
    How many entities were initially granted the In-Principle licence by
    RBI to set up payment banks?
    Answer: 11

    The following 11 entities were initially granted licence by RBI:


    Airtel M-Commerce Services
    Department of Posts
    Aditya Birla Nuvo
    FINO PayTech
    Cholamandalam Distribution Services
    National Securities Depository
    Paytm
    Tech Mahindra
    Vodafone M-Pesa
    Reliance Industries
    Sun Pharmaceuticals (Dilip Shanghvi)

    Question 7.
    Which three organisations surrendered their licences?
    Answer: Cholamandalam Distribution Services, Sun Pharmaceuticals (Dilip
    Shanghvi), and Tech Mahindra

    Question 8.
    What is the minimum capital requirement to set up a Payment
    Bank?
    Answer: Rs. 100 crore.

    Question 9.
    How much should be the stake of the promoter for the initial 5 year
    period?
    Answer: Minimum 40%.

    Question 10.
    Airtel Payment Bank is a joint venture between which two entities?
    Answer: Bharti Airtel (80.1%) and Kotak Mahindra Bank (19.9%)

    Question 11.
    Who is the MD&CEO of Airtel Payment Bank?
    Answer: Mr.Shashi Arora

    Question 12.
    Which is a fully digital and paperless bank?
    Answer: Airtel payment bank

    Question 13.
    What limit of FDI is allowed in payment banks?
    Answer: 74%
    Question 14.
    What percent of CRR must be maintained by payment banks in
    government bonds for one year?
    Answer: Minimum 75%

    Question 15.
    What maximum percentage must be maintained in FDs and RDs of
    other scheduled commercial banks?
    Answer: 25%

    Question 16.
    What percent of branches should be in unbanked rural areas?
    Answer: 25%

    Question 17.
    The voting right of any shareholder is capped at what percent?
    Answer: 10%

    Question 18.
    Any acquisition by the bank that is more than what percent
    requires approval by the RBI?
    Answer: 5%

    Important Points:

    Name of the Bank Head office MD & CEO


    Airtel Payments Bank Ltd New Delhi Shashi Arora
    Fino Payments Bank Ltd Mumbai Rishi Gupta
    Indian Post Payments Bank Ltd
    New Delhi Suresh Sethi
    (Aapka Bank Aapke Dwar)
    Paytm Payments Bank Ltd Noida, UP Renu Satti

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