New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    What is the revised bulk deposit limit for scheduled

    commercial and small finance banks, as per the recent change?
    A Rs 50 lakh and above Correct Answer Incorrect Answer
    B Rs 1 crore and above Correct Answer Incorrect Answer
    C Rs 2 crore and above Correct Answer Incorrect Answer
    D Rs 5 crore and above Correct Answer Incorrect Answer
    E Rs 7 crore and above Correct Answer Incorrect Answer

    Solution

    The bulk deposit limit for scheduled commercial and small finance banks is Rs 2 crore and above. For RRBs, the limit has been increased from Rs 15 lakh to Rs 1 crore. The move is expected to provide a more level playing field for banks. 

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