What is the requirement as to minimum paid-up capital and reserves in the case of a banking company incorporated outside India?
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.
Barcelona defender Jordi Alba scores (A)/ one goal and set up another (B)/ to spark a 2-1 comeback victory on Real Sociedad, (C)/ depriving the Basque C...
Any countries said they had reached an agreement on a transition from the existing Indian equalisation levy on digital services as part of the new m...
The monsoon cycle is prone to large variations, and every year, regional factors get accentuated which then leads to extreme climate events .
...Select the alternative that will improve the bold part of the sentence in case there is no improvement select “No improvement”.
Kalidasa ...
High level security arrangements were made for the forthcoming visit to a Japanese Prime Minister.
Everyone was moved with tears at his sad story.
I. With COVID-19 putting the squeeze on travel and hospitality sectors for near two years now, private operators in the city are facing a tough season....
Directions: In each question, a part of the sentence is made bold. Below are given alternatives to the bold part at (A), (B), (C) and (D) which may ...
A market-driven approaching for provide district hospital beds for only those with the means would defeat the objective.
...Select the alternative that will improve the bold part of the sentence in case there is no improvement select “No improvement”.
Ajit has ...