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.
Which quantity has the same dimensional formula as impulse?
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In which medium can sound not travel?
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The radii of curvature of the faces of a double convex lens are 20 cm and 30 cm. If focal length of the lens is 36 cm find the refractive index of t...
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