According to the Reserve Bank of India, what is one of the eligibility criteria for a Small Finance Bank (SFB) to transition into a Universal Bank?
Detailed Explanation:
The Reserve Bank of India (RBI) permits Small Finance Banks (SFBs) to transition into Universal Banks if they meet specific eligibility criteria.
Key requirement: a minimum net worth of ₹1,000 crore as paid-up voting equity capital, completion of at least five years of operations, and adherence to regulatory compliance and sound governance norms.
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