πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    The minimum capital requirement for setting up a new

    universal bank in the private sector as per RBI is:
    A β‚Ή100 Crore Correct Answer Incorrect Answer
    B β‚Ή500 Crore Correct Answer Incorrect Answer
    C β‚Ή1000 Crore Correct Answer Incorrect Answer
    D β‚Ή5000 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 β‚Ή500 crore.

    Practice Next
    More Banking Operations Questions
    ask-question