Anshul Swami Appointed as MD & CEO of Shivalik Small Finance Bank. The minimum capital for Small Finance is prescribed at-

The correct answer is Rs. 300 crore.

Step-by-Step Explanation:

1. Background of Shivalik Small Finance Bank:
In 2022, Anshul Swami was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Shivalik Small Finance Bank. The bank transitioned from a cooperative bank to a small finance bank, making it subject to the regulatory guidelines laid down by the Reserve Bank of India (RBI).

2. Regulatory Capital Requirements for Small Finance Banks (SFBs):
According to the Reserve Bank of India's revised guidelines for licensing of Small Finance Banks, the minimum paid-up equity capital requirement was raised to ensure financial stability and resilience.

3. The Capital Threshold:
As per the current operational guidelines issued by the RBI, the minimum paid-up equity capital for setting up a Small Finance Bank is prescribed at Rs. 300 crore (raised from the earlier requirement of Rs. 200 crore for general applicants).