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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.
Freedom of speech and expression is a part of which article of the constitution?
What, according to the passage was the reason behind less interest in the recent 500 MW power tender?
Private sector lendors have been found guilty of _________________ ?
What does the survey argue against?
I. Sudden stall of the stock prices
II. Setting of targets which are very difficult to achieve
...Statement : The Government will pay heed to the recommendation given by MadhavGadgil headed Western Ghats Ecology Expert Panel regarding the conserva...
What is possibly the short-term priority to be undertaken in the health sector?
Which of the following is the important manifestation of the RBI’s prognosis for growth?
Why were all the judges who revolted, were upset with the CJI?
Find the word from the given options which has its meaning most similar to the phrase spruce up as used in the passage.
How, according to the passage, did African countries transform themselves from unattractive to popular tourist destinations?