Which of the following entities is eligible to establish a 'Small Finance Bank' in India?

💡 Solution & Explanation

Small Finance Banks are established under RBI guidelines to promote financial inclusion by providing basic banking services to unserved and underserved sections, and eligible promoters include resident individuals with the required professional experience, non-banking financial companies, and local area banks. Foreign central banks or manufacturing public sector undertakings lack the requisite mandate or eligibility criteria under these RBI licensing norms.