Q. Which of the following statements is/are correct about “small finance banks”?
1. Small finance banks are universal banks.
2. Small Finance Banks was recommended by the usha thorat committee.
Select the correct answer using the codes given below:
Answer: D
Notes:
Differentiated Banks (niche banks) are banks that serve the needs of a certain demographic segment of the population.
- Small Finance Banks and Payment Banks are examples of differentiated banks in India.
- Small Finance Banks was recommended by the Nachiket Mor committee on financial inclusion.
Source: Sriram’s Economy
