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      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?
      A 50 crores Correct Answer Incorrect Answer
      B 75 crores Correct Answer Incorrect Answer
      C 100 crores Correct Answer Incorrect Answer
      D 200 crores Correct Answer Incorrect Answer
      E 250 crores Correct Answer Incorrect Answer

      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

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