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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 тВ╣100 Crore Correct Answer Incorrect Answer
    B тВ╣500 Crore Correct Answer Incorrect Answer
    C тВ╣1000 Crore Correct Answer Incorrect Answer
    D тВ╣5000 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 тВ╣500 crore.

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