Question
Under the regulation of which act can scheduled
commercial bank take equity stake in a payments bank to the extent permitted?Solution
A promoter/promoter group can have a joint venture with an existing scheduled commercial bank to set up a payments bank. However, scheduled commercial bank can take equity stake in a payments bank to the extent permitted under Section 19 (2) of the Banking Regulation Act, 1949.
In the given figure, the lengths of AC and BF are 16 cm and 5 cm, respectively. The ratio of AE to CE is given as 5:3. Determine the perimeter of triang...
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