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.
What is the target year for the PMAY Gramin?Â
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A situation when the rainfall deficiency is 25% or more of long term average, it is classified asÂ
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White leghorn is a poultry breed famous for
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Objectives of monetary policy include: