Question

    Which of the following is true about the

    wholesale banks to be set up for long-term finance, as proposed by RBI in its discussion paper. i. The licences are to be available on tap ii. Large industrial houses cannot take more than 24% stake in these iii. These banks will not be mandated to open branches in rural areas
    A Only i & ii Correct Answer Incorrect Answer
    B Only i and iii Correct Answer Incorrect Answer
    C Only ii & iii Correct Answer Incorrect Answer
    D Only iii Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Large industrial houses cannot take more than 10% stake in these financial institutions.

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