Question
What is the minimum net owned fund requirement from NBFC
to be eligible to issue credit cards?Solution
Scheduled Commercial Banks (SCBs) other than Regional Rural Banks (RRBs) with net worth of ₹100 crore and above are permitted to undertake credit card business either independently or in tie-up arrangement with other card issuing banks/NBFCs with the approval of their Boards. SCBs (excluding Small Finance Banks and Regional Rural Banks) desirous of setting up separate subsidiaries for undertaking credit card business shall require prior approval of the Reserve Bank.
In the middle of the year 2023, which entity or organization has released the Green Deposit Framework?
A Safety Officer must be appointed in factories employing at least:
In the following question, five number pairs are given. In each pair the number on left side of (-) is related to the number of the right side of (-) wi...
Which of the following Sustainable Development Goals is highlighted as needing targeted efforts due to its score being below 50?
Agreement approved by a Labour Court/Tribunal is called:
Consider the following statements regarding Central Armed Police Forces (CAPF) in India:
1. The National Security Guard (NSG) is a premier counte...
When did the LPG reform Budget was introduced in 1991?
Gosikhurd National Irrigation Project is related to which of the following states?
Where is the Holy Shrine of Imam Ali in Najaf located?
Match List-1 (Football World Cup/Year) with List-II (Host Country) and select the correct answer using the code given below the lists:
List-I ...
Relevant for Exams:
