Question
Recently Reserve Bank of India (RBI) has notified that
any person looking to acquire more than ___ per cent stake in a bank will need prior approval from the regulator?Solution
The Reserve Bank of India (RBI) notified that any person looking to acquire more than 5 per cent stake in a bank will need prior approval from the regulator. After an acquisition, if the shareholding falls below 5 per cent, the person will be required to seek fresh approval from the RBI if the person intends to again raise the aggregate holding to 5 per cent or more. Any person from the Financial Action Task Force (FATF) non-compliant jurisdiction will not be allowed to acquire a major shareholding in a bank. It further announced that the permission of the Reserve Bank to acquire shares or voting rights in a banking company for non-promoter will be limited to 10 per cent in case of individuals, non-financial institutions, and financial institutions connected with large industrial houses. About FATF (Financial Action Task Force) Founded: 1989                                             Headquarters: Paris, France                          President: T Raja Kumar
'V' sold 40% fewer candies than 'P' did. The ratio between the quantity of candies sold by 'V' and 'B' is 4:7. If 'B' sells 630 sweets, get the number o...
In a stock of electronics (laptops + mobiles), if 25% of mobiles were laptops, then the number of laptops would have been 150% more than that of mobiles...
- X is 40% less than Y and Z is 30% more than W. If W is 25% more than X, then which of the following is true?
Ramesh spends 30% and 20% of his monthly income on groceries and transportation respectively. Out of the remaining income, he gives 50% to his brother a...
In class ‘C’, the number of girls is 25% more than that of boys while in class ‘D’ the number of girls is 40% more than that of boys. If the tot...
- In a farm, 55% of the plants are tomato plants. The number of chili plants is 40% of the tomato plants, and the number of onion plants is 75% of the number...
In a city, the number of persons travelling by bike is 92.5% the number of persons travelling by metro. The number of persons travelling on foot is 75% ...
The income of ‘A’ increases by 20% every year. If the present income of ‘A’ is Rs. 17280 and his expenditure 2 years ago from now was Rs. 10000,...
Total number of students in a class is 1920, and the ratio of number of boys to girls is 7:9. If the number of boys and girls is increased by a% and (a ...
In a survey of 1,000 people, 40% preferred Brand X, 30% preferred Brand Y, and the remaining 30% had no preference. If the survey sample is expanded to ...
