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ABC Private Limited has an experience of 10 years in NBFC’s. Can it set up a Small Finance Bank?1). Yes as the minimum requirement for setting up Small Finance Bank is 10 years of experience in Banking Sector.2). No as the experience of operating NBFC is not recognized.3). No, as only an Individual or Professional can set up a Small Finance Bank irrespective of the fact that he is experienced or fresher.4). No as only an Individual or Professional with 10 years of experience in the Banking Sector cannot set up a Small Finance Bank. |
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Answer» Individuals/professions with 10 years of EXPERIENCE in
It is to be noted that a Corporate House is not eligible to set up a Small Finance Bank. |
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