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.
More Banking System in India Questions
98, 128, 162, 200, 244, 288
123, 155, 198, 246, 301, 363
The following numbers form a series. Find the odd one out.
24, 36, 54, 78, 121.5, 182.25
14, 16, 22, 46, 172, 886
Find the wrong number in the given number series.
12, 16, 28, 48, 78, 112
112, 130, 155, 196, 254, 342
7, 22, 68, 207, 620, 1880
- Find the wrong number in the given number series.
85, 117, 170, 244, 339, 465 Find the wrong number in the given number series.
630, 180, 60, 24, 12, 8, 540, 56, 85, 129, 190, 268
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