As per the RBI Guidelines for Licensing of Small Finance Banks in the Private…
2023
As per the RBI Guidelines for Licensing of Small Finance Banks in the Private Sector, the promoter’s minimum initial contribution to the paid-up equity capital shall be at least _____.
- A.
40 percent
- B.
45 percent
- C.
50 percent
- D.
60 percent
Attempted by 8 students.
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Correct answer: A
RBI guidelines for small finance banks require the promoter's minimum initial contribution to be at least 40 percent of the paid-up voting equity capital. Hence 40 percent is correct.