Question
Which of the following is not a requirement for an
entity to be eligible to set up a payment bank in India?Solution
To be eligible to set up a payment bank in India, an entity must fulfill several requirements, including being a company incorporated in India, having a minimum net worth of Rs. 100 crore, and having a track record of three years in the financial sector. However, there is no requirement for the entity to have a foreign shareholding of less than 49%. In fact, the guidelines issued by the Reserve Bank of India (RBI) in 2014 allow up to 74% foreign shareholding in a payment bank. Hence, option D is incorrect.
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
99.99% of 9.99 + 299.98% of 129.98 = ?2Â
456.9 + 328.10 - 122.98 = ? + 232.11
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
The average marks of 15 candidates were reported as 84. However, it was later discovered that the marks of three candidates were ...
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
15.15% of (150.50 + 249.50) + 8.08³ - (10.10 of 5.05) = ? of (75.75 - 25.25)
A motor boat goes downstream from point A to B ,which is 36 km away from point A, and then returns to A. If actual speed of the boat in still water is 7...
