BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The minimum paid-up capital requirement at present for new Private Bank in India is____
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RS. 100 crore
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RS. 200 crore
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RS. 500 crore
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RS. 600 crore
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Explanation:
Detailed explanation-1: -(i) The initial minimum paid-up capital for a new bank shall be Rs. 200 crore.
Detailed explanation-2: -Higher Initial Capital Needed to Set Up Banks The minimum initial capital requirement for licensing new banks has also been increased to Rs 1000 crores for Universal Banks versus Rs 500 crores earlier, and to Rs 300 cr for SFBs versus Rs 200 crores earlier.
Detailed explanation-3: -The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore.
Detailed explanation-4: -Initial Capital Requirement for Small Finance Banks is ₹200 Crore.
There is 1 question to complete.