RBI's Guidelines for Voluntary Transition of SFBs to Universal Banks
RBI's Guidelines for Voluntary Transition of SFBs to Universal Banks for UPSC Mains General Studies Paper 3 :Current Affairs in Economy Watch
On 26th April, 2024, the Reserve Bank of India (RBI) published guidelines for the voluntary conversion of Small Finance Banks (SFBs) into universal banks.
What are the Guidelines for Transition?
- Track Record: A minimum of five years of satisfactory performance.
- Net Worth: A minimum of Rs. 1,000 crore at the end of the previous quarter (audited).
- Stock Exchange Listing: The SFB’s shares must be listed on a recognized stock exchange.
- Capital Adequacy: Meeting the prescribed Capital to Risk-weighted Assets Ratio (CRAR).
- Profitability: Net profit recorded ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
- 1 Private Credit
- 2 Multilateral Development Banks
- 3 RBI Guidelines for Asset Reconstruction Companies
- 4 IREDA Accorded ‘Navratna' Status
- 5 Centre Accords ‘AEO’ Status to Gem & Jewellery Sector
- 6 Safeguard Measures under World Trade Organization
- 7 India's First Multi-Purpose Green Hydrogen Project
- 8 NIIF Invests $200 Million in iBUS for Expansion of Digital Infrastructure
- 9 MoRTH Raises Fund via Asset Monetisation
- 10 TRAI Recommendations on Telecommunication Infrastructure
