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Section 11. Requirement as to minimum paid-up capital and reserves: (2) In the case of a banking company incorporated outside India-- (a) the aggregate value of its paid-up capital and reserves shall not be less than fifteen lakhs of rupees and if it has a place or places of business in the city of Bombay or Calcutta or both, twenty lakhs of rupees; and (b) the banking company shall deposit and keep deposited with the Reserve Bank either in cash or in the form of unencumbered approved securities, or partly in cash and partly in the form of such securities-- (i) an amount which shall not be less than the minimum required by clause (a); and (ii) as soon as may be after the expiration of each year, an amount calculated at twenty per cent of its profit for that year in respect of all business transacted through its branches in India, as disclosed in the profit and loss account prepared with reference to that year under section 29.
AIIB has approved a USD 356.67 million loan for the expansion of the _______ metro rail system, taking the bank's financing for various projects in Indi...
Which of the following statements is/are NOT TRUE with respect to the data been released in Reserve Bank of India’s report State Finances: A Study of ...
When a foreign entity acquires ownership or controlling stake in the shares of a company in one country, or establishes businesses there, then it is cal...
Titan Company Limited will buy an additional 27.1 percent stake in CaratLane, for a total consideration of ________.
SCORES 2.0 is the complaint redress mechanism of which regulatory body?
What is the function of the Capital Adequacy Ratio (CAR) in the banking sector?
Which financial instrument provides the right, but not the obligation, to buy or sell an asset at a specified price?
Which of the following becomes 1st country to purchase BrahMos Supersonic Cruise Missile System from India?
Deposit Insurance Corporation (DIC) Bill was introduced in the Parliament in which year?
Procurement of goods and services from the government portal GeM has crossed ______ so far this fiscal on account of an increase in buying activities by...