BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per the new guidelines issued by RBI, the minimum required capital to set up a bank by corporates is set at____
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Rs. 600 crore
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Rs. 700 crore
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Rs. 400 crore
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Rs. 500 crore
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Explanation:
Detailed explanation-1: -100 crore from the date of commencement of business. However they will have to increase their minimum net worth to Rs. 200 crore within five years from the date of commencement of business.
Detailed explanation-2: -Initial Capital Requirement for Small Finance Banks is ₹200 Crore.
Detailed explanation-3: -Under Basel III, the minimum capital adequacy ratio that banks must maintain is 8%.
Detailed explanation-4: -The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore.
Detailed explanation-5: -1. The initial minimum paid-up voting equity capital for a bank shall be 500 crore rupees. Thereafter, the bank shall have a minimum net worth of 500 crore rupees at all times. 2.
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