Which of the following statements is/are correct about the Small Finance Banks(SFBs)? 1. Small Finance Banks is a specific segment of banking created by RBI under the guidance of Government of India with an objective of furthering financial inclusion. 2. Small Finance Banks can indulge in lending but cannot accept demand deposits. 3. SFBs are subject to all prudential norms and regulations of RBI as applicable to existing commercial banks like maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). Select the correct answer using the codes given below: - Study24x7
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Which of the following statements is/are correct about the Small Finance Banks(SFBs)? 1. Small Finance Banks is a specific segment of banking created by RBI under the guidance of Government of India with an objective of furthering financial inclusion. 2. Small Finance Banks can...

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A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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