Small Finance banks need to maintain what percentage of

Solution

Eligibility norms for Small Finance Banks for Authorised Dealer Category-I

• The bank should have completed at least two years of operations as Authorised Dealer Category-II.
• The bank should have been included in the Second Schedule to RBI Act 1934.
• It should have a minimum net worth of ₹500 crore.
• Its CRAR should not be less than 15%.
• The net NPAs of the bank should not exceed 6%, during previous four quarters.
• It should have made profit in the preceding two years.
• It should not have defaulted in maintenance of CRR/ SLR during previous two years.
• It should have sound internal control systems.
• It should not have any major regulatory and supervisory concerns