BANK SBI PO Mock Test Series 2025 (Pre + Mains) Current Affairs Business and Economy Banking Affairs
. Consider the following statements regarding the RBI’s decision in February 2025 to allow Small Finance Banks (SFBs) to offer pre-sanctioned credit lines via UPI:
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The facility came into effect from February 12, 2025, in alignment with the RBI’s December 2024 MPC announcement.
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Initially, pre-sanctioned credit lines via UPI were available only to customers of Payments Banks and Regional Rural Banks.
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As of April 2024, a total of 11 Small Finance Banks operate in India following a merger approved by the RBI.
Which of the above statements is/are correct?
1
1 and 2 only
2
2 only
3
3 only
4
1 and 3 only
5
All are correct