Question
Scheduled Commercial Banks (SCBs) 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 and are required to hold how much net worth in order to undertake the business?
Solution
Scheduled Commercial Banks (SCBs) 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 and are required to hold 100 crores net worth in order to undertake the business
More Current Financial Awareness Questions
- Under the Pradhan Mantri Kisan Maan Dhan Yojana , on maturity, w hat is the minimum amount of monthly pension an individual get? Â
- Which of the following insurance company was the first Insurance Company to adopt UPI Auto debit facility?
- As per the Union Budget 2022-23, the income from the transfer of digital assets shall be taxed at ______?
- What is the limit of FPI investment in Government securities (G-secs) as a percentage of outstanding stocks of securities for FY 2022-23, as notified by RB...
- When does the Securities and Exchange Board of India (Sebi) plan to implement a T+0 (same day) settlement cycle for the cash segment on an optional basis, ...
- What is the objective of the Bima Sugam – Insurance Electronic Marketplace Regulations, 2024?
- __________ and Reserve Bank Innovation Hub (RBIH) have come together to focus their efforts on enhancing the reach of financial solutions to large sections...
- What was the value of goods and services procured from MSEs by CPSEs in 2023-24?
- The Financial Inclusion Index for the year ending March 2025 stands at _______ ? Â
- Which of the following is the p l at form  for investors to trace inactive as well as unclaimed mutual fund investments ? Â
Relevant for Exams:
