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.
National Girl Child Day is celebrated every year on
Dandi march in India is related to which one of the following?
 The GST Council was constituted under which Indian Constitution article?
What is the authorized capital of ECGC?
What is the total land area of the Lakshadweep islands?
In which city was the RBI Conference for Directors of Urban Cooperative Banks held, with the theme "Governance in UCBs - Driving Sustainable Growth and ...
Acclaimed Indian architect Balkrishna Doshi has won the Royal Gold Medal 2022, one of the world's highest honours for architecture. Which country gives ...
Which of the following cities of Uttrakhand was also known as Sahajgarh during the rule of Mughal Ruler Akbar?
Damon Galgut has won the Booker prize 2021 for his novel ____________.
Who has won the Syed Mushtaq Ali Trophy 2021-22?
Relevant for Exams:
