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      Question

      The minimum capital requirement for setting up a new

      universal bank in the private sector as per RBI is:
      A โ‚น100 Crore Correct Answer Incorrect Answer
      B โ‚น500 Crore Correct Answer Incorrect Answer
      C โ‚น1000 Crore Correct Answer Incorrect Answer
      D โ‚น5000 Crore Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) guidelines stipulate that a new universal bank in the private sector must have a minimum paid-up capital of โ‚น500 crore.

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